Kenya Power has increased token prices in its latest review on electricity costs.
Kenyans.co.ke established that the change was effected last week, as seen by the difference in tokens purchased on October 2 and Tuesday, October 10.
On October 2, Kenyans who purchased tokens worth Ksh200 received 7.52 tokens; today, the same amount only accounts for 7.1 tokens.
As per the tokens purchase breakdown, the change in token value was occasioned by the increase of the Fuel Energy Charge from Ksh31.28 to Ksh35.07.
From Top Left: Details of a Ksh200 token purchased on October 2, 2023, and details of a similar token purchased on October 10, 2023.
This resulted from the increase in fuel prices effected by the Energy and Petroleum Regulatory Authority (EPRA) on September 14.
In the October review, a litre of Super Petrol increased by Ksh16.96, Diesel increased by Ksh21.32. Kerosene increased by Ksh33.13 per litre.
“Fuel Energy Charge is the added cost or rebates to the consumers due to fluctuations in world prices and in the quantity of oil consumed by electricity generation.
“The fuel cost charge lags one month behind the actual price of the fuel. Kenya Power collects this money and all of it is passed on directly to electricity generation companies, who in turn pay fuel suppliers,” Kenya Power explained on its website.
On the other hand, the increase in token prices resulted from the dollar’s dominance over the Kenyan shilling. For the past one week, the dollar has been over Ksh145. Currently, one dollar is being sold at Ksh148.
However, the slight change in turn was balanced by the drop in EPRA charge, which was reduced from Ksh0.6 to Ksh0.56.
REP Charge was also reduced to Ksh5.88 from last week’s 6.23. REP Charge goes towards the last mile connectivity in rural areas.
“This is a 5 per cent levy on the cost of the units of power consumed by a customer. It is passed on to the Rural Electrification Authority (REA) for implementation of the rural electrification projects,” the utility firm explains on its website.
Should fuel prices further increase in the October EPRA review, more adjustments will be made to reflect the change in the market.
Kenya Power staff attending to a transformer during a past maintenance exercise in Nairobi County.