Electricity price up by Ksh.7.09 per unit amid weakening shilling

The cost of electricity has risen for the second month in a row adding more pain to an ever rising high cost of living.

The Energy and Petroleum Regulatory Authority (EPRA) on Friday increased the fuel and foreign exchange components of the power bill.

Fuel Cost Charge will increase to Ksh.7.09 per unit of electricity consumed this month from Ksh.6.79 last month, while the Foreign Exchange Fluctuation Adjustment will increase to Ksh.1.48 per unit from Ksh.1.37 in September.

The rise in price comes against the backdrop of weakening shilling, which is currently trading 121.19 per US dollar.

This further burdens Kenyans, who are already saddled by the high cost of living, with inflation at an all-record high.

Monitor Your Business Transaction

Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

Related Articles

Back to top button