Thursday, February 8, 2024 – Kenyans can now breathe easy after the government of President William Ruto delivered on its promise to lower the cost of electricity.
On Wednesday, Kenya Power lowered token
charges in the latest review on electricity prices.
Energy Principal Secretary Alex Wachira
revealed that the cost of electricity for all categories would be reduced by
Ksh3.44 per unit.
He attributed the drop to a decline in the
foreign exchange adjustment rate from Ksh6.46 to Ksh3.22.
The forex adjustment is the forex charge
deducted when purchasing tokens and is based on the variation of hard
currencies against the Kenyan Shilling. Currently, a dollar is traded at Ksh160
against the green buck.
Prepaid users began enjoying the new rates on
Thursday morning while postpaid users will pay less at the end of February.
A spot check established that one received
more token units for the same amount purchased on February 8, 2024, as compared
to January 11, 2024.
On Wednesday, Kenyans who purchased tokens
worth Ksh250 received 8.77 units whereas last month in January, the same amount
only accounted for 7.82 units.
In a breakdown, the change in token prices was
occasioned by the sharp decline in forex adjustment charge from Ksh50.53 to
Ksh28.22.
The Kenyan DAILY POST
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