Sharp Daily
No Result
View All Result
Sunday, June 8, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Kenya power to end postpaid metres in rural areas

Brenda Murungi by Brenda Murungi
January 3, 2024
in News
Reading Time: 2 mins read

Kenya Power and Lighting Company (KPLC) is embarking on a shift from post-paid to prepaid electricity meters for consumers in rural areas, aiming to complete the transition within the next three years. The utility outlined its plans in the latest annual report, emphasizing a long-term goal of transitioning all rural customers to smart metering. This strategic move is part of broader reforms aimed at curbing power theft and reducing meter reading costs.

The decision comes in the midst of public concern in Kenya regarding escalating electricity bills. KPLC anticipates that the shift to prepaid meters will not only address consumer complaints but also enhance operational efficiency, enabling better resource management.

Kenya Power traditionally relies on a sizable workforce of meter readers who visit homes and businesses to record power consumption. However, due to insufficient coverage, the utility often resorts to estimating the monthly consumption of millions of customers, leading to widespread grievances about inflated bills.

As of now, approximately 2.1 million KPLC customers operate on a post-paid system, significantly outnumbered by the 6.8 million users utilizing prepaid services. In the fiscal year 2023, the company generated Sh120.18 billion, with 63 percent of revenues coming from post-paid customers and the remaining 37 percent from prepaid customers.

RELATEDPOSTS

International Monetary Fund

How Kenya’s move away from IMF Loans could reshape its economic future

May 26, 2025

Digital lending in Kenya: Convenience meets controversy

May 16, 2025

Despite posting a net loss of KES 3.19 billion for the fiscal year ending in June 2023, attributed to a weakened shilling and high power purchase costs, KPLC is actively pursuing reforms. The transition to prepaid and smart metering represents a key initiative in the company’s efforts to adapt and improve its financial outlook.

Previous Post

Wetangula expected to address CSPOC conference in Kampala

Next Post

Court halts KES 74M withdrawal from Rwandese investor’s account

Brenda Murungi

Brenda Murungi

Related Posts

News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025

LATEST STORIES

How Kenya’s E-Mobility shift could redefine urban planning

June 5, 2025

Economic liberators are the real heroes and heroines of the year

June 5, 2025

Affordable retirement planning for small businesses with CURBS

June 5, 2025

How Kenyan banks can modernize without marginalizing

June 4, 2025

Human rights concerns over activists’ treatment in Tanzania

June 4, 2025

Decoding stock-based compensation

June 4, 2025

Comparative advantage is the secret to real economic take off

June 4, 2025

Understanding inflation and its impact on everyday life

June 4, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024