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More Pain for Kenyans in 2023 as Electricity cost Shoots Up by 15pc

1 min read
/HP

The cost of power in Kenya is expected to shoot by 15 percent from Sunday following the government’s removal of the electricity subsidy which expires on December 31st.

According to Energy and Petroleum Regulatory Authority (EPRA) director-general Daniel Kiptoo, the 15 percent discount would not be extended beyond its expiry.

“When the new government came in, it withdrew the support (subsidy) in August, and thus after the end of December, we will revert to the rates that were in place before January,” the EPRA head told a local publication.

The Sh26 billion subsidy was introduced by Uhuru Kenyatta’s administration to ease the cost of living and boost economic growth by making energy costs competitive compared with other African nations such as Ethiopia, South Africa, and Egypt.

The 15 percent cut implemented in January saw the cost of buying 200 per kilowatt hour (kWh) of electricity a month drop from Sh5,185 in December to Sh4,373 in January.

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