Search for Savings & Loans
How Much You Will Pay for KPLC Tokens Starting April 2023
News and Analysis

How Much You Will Pay for KPLC Tokens Starting April 2023

PHOTO | THE STAR
PHOTO | THE STAR

The Energy and Petroleum Regulatory Authority (EPRA) recently approved Kenya Power’s request for a review of electricity tariffs that are set to take effect this week on Saturday, April 1. 

Under the new tariffs, KPLC (as it is popularly known through its ticker at the Nairobi Securities Exchange) has classified consumers into three categories - based on their monthly consumption. 

Read Also: “I Tried Out the 50/30/20 Budget Rule on My Ksh80k Salary for 5 Months”

The first group will be the low consumers (those who use up to 30 units per month). 

The second category are those who consume more than 30 but less than a hundred units; while the third one is for those who consume more than 100 units per month. 

Households consuming below 30 units a month will have a 3.6% reduction in costs, from Ksh21.99 to Ksh21.16 per unit.

For this category of low consumers, Ksh500 will now get them 23.6 units up from the 22.7 units they have been getting. 

The cost of electricity will have at least a 19% increase for households that consume 30-100 units a month. 

Read Also: KRA Clarifies Tax Policy on Mitumba Imports

This category will see the cost of tokens increased by 19%, from Ksh21.99 to Ksh26.10 per unit. For Ksh1,000, they will now get 38.3, down from the 45.5 units they currently receive. 

Households that spend more than 100 units will have the cost of their tokens increased from Ksh27.92 to Ksh31.75 per unit (14% increase). For Ksh2,000, one will now get 62.9 units down from 71.6 units. 

EPRA approved Kenya’s Power’s request for tariff change on the grounds of a social policy where the vulnerable members of society will be protected by having a reduction in the amount paid by low-income households (less than 30 units per month). 

“With a view of meeting the social policy objective, the Lifeline Tariff band has been reduced from 100-kilowatt hour(kWh) per month to 30kWh, to cushion and address the needs of low-income households in the society. 

“Accordingly, these consumers will be cross-subsidised by the other consumer categories in order to protect the vulnerable members of society. Despite this reduction, the Lifeline Tariff band will account for 6.3 million customers, representing 71.31 per cent of the total number of consumers. This covers a majority of the vulnerable sector base also known as 'Hustlers'," EPRA’s statement read in part. 

Read Also: Tough Times as HELB Runs Out of Money to Loan 140,000 Students - Money Weekly

The development came a few weeks after Kenya Power stopped issuing a breakdown on the electricity bills in March 2023. 

Initially, the utility firm would send a notification to every consumer purchasing electricity costs. The message would detail the money sent and the units received, with a further breakdown of these costs: 

  • Value Added Tax (VAT)
  • Fuel Energy charge
  • Forex Energy charge
  • EPRA charge
  • Inflation adjustment charge
  • Water Resources Authority (WRA) charge
  • Rural Electrification Programme (REP) charge

However, in March KPLC announced that it would only be indicating the amount paid, the token amount, and a combined total of all other charges without itemising them. 

Read Also: Kenyans Back to Mobile Loans in Droves - Money Weekly

The company cited numerous requests by Kenyans who wished to get a less detailed bill. 

“The change has been effected after numerous engagements with the public including a recent survey where our customers said they wanted a briefer statement of their electricity bills,” the utility firm indicated.

No items found.

Tony Mukere is the branded content lead at Money254. He is a trained journalist with a passion for impactful storytelling. Before joining Money254.co.ke, he worked as an editor at Kenyans.co.ke, and as a reporter at Pulselive.co.ke. Connect with Mukere on Twitter.

Get the Money254 App and don't miss out on the next article.

Join 1.5M Kenyans using Money254 to find better loans, savings accounts, and money tips today.

Get it on Google Play
A person holds the Money254 App in their hand.

Welcome to Money254 - your simple way to compare loans in Kenya online.

Money 254 is a new platform focused on helping you make more out of the money you have. We've created a simple, fast and secure way to find and compare financial products that best match your needs. All of the information shown is from products available at established financial institutions that our team of experts has tirelessly collected.

Download the new Money254 App and don’t miss out on the next article.

Join 1.5M Kenyans using Money254 to find better loans, savings accounts, and money tips today.
Get it on Google Play

Learn more about Personal Loans available in Kenya on Money254

Money 254 is a new platform focused on helping you make more out of the money you have. We've created a simple, fast and secure way to find and compare financial products that best match your needs. All of the information shown is from products available at established financial institutions that our team of experts has tirelessly collected.

Instantly search loan products from established providers in Kenya and compare on the terms that matter most to you.
Money254
Find the best Personal Loans for me

Don't miss another article - download the new Money254 App Today

Get it on Google Play
Download the Money254 app on Google Playstore

Sign up for our newsletter and get weekly money tips to your inbox.

Get updates from the Money254 team on financial news and new Money254 features.