Providing Affordable Energy – Business Daily

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Provide affordable power


Electric meter fixing illustration. PICTURES | PHOEBE OKALL | NMG

The second tranche of 15% reduction in electricity bills will be delayed, with the government transferring the commitment to the next administration.

President Uhuru Kenyatta promised a 33% reduction in the cost of electricity last year in a bid to boost the investor climate in the rush of investors coming to Africa.

The second reduction was based on negotiations with independent power producers, which did not materialize.

The state also failed to provide a budget for the second reduction after offering Kenya Power a grant of 14 billion shillings leading to the first reduction of 15%.

President Kenyatta is stepping down after failing to bring down electricity prices, which has limited Kenya’s manufacturing capacity and hurt consumers.

Electricity prices have risen by 57% since Mr Kenyatta came to power in 2013, with 50 units rising from 508 shillings in July 2013 to 797 shillings in May 2022.

Electricity prices should be a priority for the new administration, to address the high cost of living for households that have struggled for years with high electricity bills. The cost of electricity also influences the investment.

Rosemary C. Kearney