Kenya Power has reported a net profit before tax of Shs.5.659 Billion in the half year trading period ended 31 December 2021, compared to Shs.332 Million realised in a similar period last year. This growth is mainly attributable to an increase in sales, enhanced system
Power consumers are set to enjoy lower electricity costs following the gazettement of an amended schedule of tariffs set by the Energy and Petroleum Regulatory Authority (EPRA).
Despite the proposal by the Presidential Task force on the Review of Power Purchase Agreements to reduce the cost of electricity, the government is likely to come across headwinds. The government will have a hard time reducing the cost of electricity by 33% because the