Relief For Kenyans as KPLC Reduces Token Prices

Kenya Power has provided relief to Kenyans by reducing token charges in the latest electricity price review. Energy principal secretary Alex Wachira announced a decrease of ksh3.44 per unit for all categories, attributing it to a drop in the foreign exchange adjustment rate from Ksh6.46 to Ksh3.22. 

This adjustment, which is based on fluctuation in hard currencies against the Kenyan shilling, resulted in prepaid users immediately benefiting from lower rates, while postpaid users will see reduced charges by the end of February. 

A comparison between February 8, 2024, and January 11, 2024, showed that purchasing tokens worth Ksh 250 now yields more points than before. For instance, Ksh250 previously bought 7.82 units in January, whereas in February, it fetched 8.77 units.

The decrease in token prices stemmed from a significant decline in the forex adjustment charge from Ksh50.53 to Ksh28.22. however, other factors such as value-added tax (VAT), Energy and Petroleum Regulatory Authority (EPRA) charges, fuel energy cost, Water Resource Authority (WRA) charges and Rural Electrification Programme (REP) fees also played a role. 

KenGen CEO Peter Njuguna recently assured Kenyans of cheaper electricity prices due to surplus hydropower supply, citing the level of water in dams like Masinga dam, which reached 1,056 meters above sea level, contributing to stabilizing electricity cost.