According to Kenya Power, there has been a steady downturn in the cost of electricity in the country in the past year, a trend likely to be reversed by the recent row between the utility firm and Nairobi County Government.
Speaking in Nairobi on Tuesday, March 4, in a meeting with the Kenya Editors Guild, Kenya Power managing Director Joseph Siror attributed this to the strengthening of the shilling against the dollar, which has in turn resulted in lower pass-through costs to customers.
According to Siror, the base tariff declined from Ksh19.04 per unit in 2023, to Ksh17.94 in 2024. "This has added to the gains from the decline in the base energy cost following a review of the electricity tariff in April 2023 which put in place a three-year tariff that provides for a lower cost per unit, starting in July of each of the three years.
So far, the base tariff has declined from KSh 19.04 per unit in 2023 to the current Ksh17.94," he said.
