• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Saturday, July 2, 2022
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Lifestyle
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Calendar
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Lifestyle
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Calendar
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

Kenya Power Loses KSh 5.6B Revenue as Electricity Demand Tumbles

Mwakaneno GakwelibyMwakaneno Gakweli
July 10, 2020
in Kenyan News, Transport, Logistics & Warehousing
Reading Time: 2 mins read
Kenya Power

kenya Power Loses Ksh 5.6 billion due to lower commercial demand. Image courtesy of Kenya Power Twitter


Electricity distributor Kenya Power has lost approximately KSh 5.6 billion in revenues between March and June, citing low power consumption due to the pandemic. The news only comes a month after the company issued a profit warning, saying that the pandemic has interfered with electricity sales.

READ ALSO: Kenya Power Issues Profit Warning over Low Growth in Electricity Sales

“Between March and June 2020, electricity consumption declined by about 14.8 percent corresponding to a decrease in energy consumption by about 341 GWh. Consequently, electricity sales revenue reduced by about KSh5.6 billion,” Business Daily quoted CS Keter.

ADVERTISEMENT

Lockdown Boosting Domestic Demand for Kenya Power

Stay at home orders increased electricity consumption by households by about 5%. However, households only account for 10% of the company’s revenues, which largely comes from heavy commercial consumers. Kenya’s power has 6 million domestic customers, who consume less than 100 units of electricity a month.

In the months of March to June, we witnessed an increase in electricity consumption of five percent of domestic customers constituting six million. This in terms of revenue is about less than 10 percent. About 90 percent of Kenya Power revenue is from one million customers who are heavy commercial and SMEs

CS Charles Keter

Last year, the company made a bid to increase the cost of electricity in an effort to earn more from domestic customers. Kenya Power wanted to increase charges for consumers using less than 100kWh per month to KSh 12.5 per unit up from KSh 10. The company also proposed to raise charges for customers who use less than 200 units a month to KSh 19.53 per unit, increasing the cost of electricity by KSh 3.73.


Hisa App Hisa App Hisa App
Previous Post

Exports for Q1 Rise by 5.3% Driven by Tea and Horticulture

Next Post

NSE Plc Pays KSh 0.08 Final Dividend to Shareholders

Related Posts

Standard Chartered Women in Tech

Announced; The Top 10 Startups Joining Standard Chartered’s Women in Tech Incubator

July 2, 2022
GoK Sets August 6 as Deadline for Importing Maize under New Tax Waivers

GoK Sets August 6 as Deadline for Importing Maize under New Tax Waivers

July 1, 2022

Mobile Phone Prices to Increase after New 10% Excise Duty

July 1, 2022

Maize Flour Prices to Decline by Ksh 2 as Govt Levies Relief

July 1, 2022

Relief as Government Cuts Taxes on Cooking Gas by 50%

July 1, 2022

Further Increase in Food Prices Pushes Kenya’s Inflation Rate to a 5-Year High of 7.9%

July 1, 2022

Jambojet Fetches KSh11 Million from Cargo Operations in Goma

June 30, 2022

World Bank Extends KSh390 Million Facility for Solar Projects in Kenya

June 30, 2022
Load More
Next Post
NSE

NSE Plc Pays KSh 0.08 Final Dividend to Shareholders

ADVERTISEMENT

Follow Us

  • 139.2k Followers
  • 2.4k Subscribers
  • 1.1k Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

Jul
11
Mon
all-day British American Tobacco Uganda ...
British American Tobacco Uganda ...
Jul 11 all-day
Payment of recommended dividend of Ushs 209.00
Jul
15
Fri
all-day Nairobi Securities Exchange Divi...
Nairobi Securities Exchange Divi...
Jul 15 all-day
 
Jul
22
Fri
all-day Umeme Plc Dividend Payment
Umeme Plc Dividend Payment
Jul 22 all-day
Umeme Plc Dividend Payment of Ush 54.10 per share
1:35 pm Umeme Limited Dividend Payment
Umeme Limited Dividend Payment
Jul 22 @ 1:35 pm – 2:35 pm
 
Jul
24
Sun
all-day Total Energies Book Closure
Total Energies Book Closure
Jul 24 all-day
 
Jul
25
Mon
all-day Jubilee Holdings Dividend Payment
Jubilee Holdings Dividend Payment
Jul 25 all-day
 
View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

No Content Available

About Us

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2021. Hisa Technologies. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2021. Hisa Technologies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In