Kenya Power on Monday April 15, 2024 announced a reduction in electricity prices by 13.7% for domestic customers.

In a press statement, Kenya power attributed the drop in electricity prices to the strengthening of the Kenya shilling and the fall in the cost of fuel that is used to generate electricity.

“We are happy to note that the reduction has given reprieve to our customers and we are optimistic that the prevailing macro-economic environment and the improved hydrology, which enables us to dispatch less thermal power, will sustain the benefit to our customers,” said Kenya Power’s Managing Director & CEO, Dr. Joseph Siror.

The power utility firm noted that the 37% cumulative reduction in fuel cost charges between March and April 2024 according to data from Energy Petroleum and Regulatory Authority (EPRA) contributed greatly to the reduction in the cost of electricity in the country.

For instance, a customer under the Domestic Customer 1 (DCI) tariff band (those consuming less than 30 units per month) using 30 units of electricity will pay Ksh629 in April 2024 compared to Ksh729 for similar units in March 2024 representing a 13.7% reduction.

The Kenya Power CEO further noted that a customer under the Domestic Customer 2 (DC2) tariff (averaging 31-100 units per month) who consumes 60 units will pay Ksh1,574 in April 2024 compared to Ksh1,773 in March 2024 representing a 11.2% reduction.

At the same time, a customer under the Domestic Customer 3 (DC3) tariff band (averaging more than 100 units per month) who uses 120 units per month will pay Ksh3,728 in April 2024 compared to Ksh4,127 in March, representing a 9.7% reduction.

Meanwhile, the Kenya Power boss emphasized that the reduction in the cost of electricity was part of the government initiative of ensuring access to affordable electricity.