New KPLC Tariff: EPRA Lowers Electricity Prices After Reducing Fuel Costs

• The Energy and Petroleum Regulatory Authority (EPRA) reduced April 2024 pump prices for super petrol, diesel, and kerosene by KSh 5.31, KSh 10 and KSh 18.94, respectively.
• EPRA also revised the electricity tariff for the same period, reducing fuel energy costs and foreign exchange fluctuation rate
• A unit of electricity from Kenya Power and Lighting Company (KPLC) will now cost KSh 26 during the same period

TUKO.co.ke journalist Wycliffe Musalia brings over five years of experience in financial, business, and technology reporting, offering deep insights into Kenyan and global economic trends.

Kenyans have been enjoying a reduction in electricity prices since February 2024.

In April 2024, Kenya Power and Lighting Company (KPLC) electricity prices dropped by KSh 2.1 per unit to retail at KSh 26 for domestic users.

What lowers KPLC token prices

This followed a tariff review by the Energy and Petroleum Regulatory Authority (EPRA).

According to Nation, EPRA reduced fuel energy costs and foreign exchange fluctuation rate by KSh 0.38 to KSh 3.26 and KSh 1.72 to KSh 1.96, respectively.

Customers purchasing tokens at KSh 500 received 16.09 units in April 2024, compared to 14.99 units in February 2024.

For KSh 5,000 spent in March 2024 on tokens, KPLC allocated 150.47 units, compared to 160.94 units in April 2024.

This was attributed to the continued strength of the shilling and the reduction in fuel prices.

EPRA electricity tariff

In March 2024, EPRA lowered the energy fuel costs from KSh 4.14 per kilowatt-hour (kWh) in February to KSh 3.64.

The regulator also boosted its procurement of cost-effective hydropower to 260.88 million units in February, a slight increase from 253.4 million units in January.

A spot check by TUKO.co.ke showed that KSh 500 bought 17 units of tokens, up from 15 units in January 2024.

What to know about KPLC electricity prices

• EPRA announced a reduction in prices of super petrol, diesel and kerosene for April 2024 by KSh 5.31, KSh 10 and KSh 18.94, respectively.
• In February 2024, fuel energy costs decreased from KSh 4.33/kWh in January to KSh 4.14/kWh.
• The regulator drafted regulations allowing private companies to compete in the distribution of electricity, which might result in reduced power costs for customers.