Kenya Power Raises Token Prices
In its latest assessment of electricity costs, Kenya Power has increased token prices.
PoliticalPulseChat established that the change occurred last week, as evidenced by the difference between the number of tokens purchased on Tuesday, October 2, and Tuesday, October 10.
On October 2, Kenyans who spent Ksh200 on tokens received 7.52 tokens; as of today, the same quantity only yields 7.1 tokens.
According to the tokens purchase breakdown, the increase in the Fuel Energy Charge from Ksh31.28 to Ksh35.07 caused the change in token value.
This is the result of the September 14 fuel pricing increase implemented by the Energy and Petroleum Regulatory Authority (EPRA).
A liter of Super Petrol increased by Ksh16.96 in the October review, while Diesel increased by Ksh21. The price per liter of kerosene increased by Ksh33.13.
“Fuel Energy Charge is the added cost or rebates to the consumers due to fluctuations in world prices and the quantity of oil consumed by electricity generation.
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“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 dollar’s dominance over the Kenyan shilling led to an increase in token prices. Since one week ago, the dollar has exceeded Ksh145. At present, one dollar is sold for Ksh148.
However, the slight adjustment was offset by a decrease in EPRA fees, which decreased from Ksh0.6 to Ksh0.56.
REP Charge was reduced to Ksh5.88 from Ksh6.23 last week. The REP Charge contributes to rural last-mile connectivity.
“This is a 5 percent 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.
If fuel prices rise further during the October EPRA review, additional adjustments will be made to reflect the market shift.
Kenya Power Raises Token Prices
