Sharp Daily
No Result
View All Result
Friday, August 14, 2026
  • 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

Why Your Power Bill Won’t Reduce Any Time Soon

Editor SharpDaily by Editor SharpDaily
April 22, 2022
in News
Reading Time: 1 min read
Kenya Power

[Photo/ Courtesy]

President Kenyatta in his Jamhuri Day address on December 12, 2021, announced that the cost of power would drop by 15 percent by the end of 2021 with another 15 percent expected by the end of the first quarter of 2022.

Four months later, things remain the same and there is no promise of them changing any time soon, according to Independent power producers (IPPs), who supply Kenya Power with electricity.

On Thursday, April 21, 2022, the Electricity Sector Association of Kenya (ESAK), the lobby for Kenya’s top IPPs announced that the government had not invited them for talks on how to reduce power costs, despite previous promises.

Read: Scope Markets Kenya Appoints New CEO And Chief Financial Officer

RELATEDPOSTS

Kenya power technicians install a transformer at Ibutuka Village in Mbeere North in Embu County (Murithi Mugo, Standard)

Kenya plans coastal power barge as grid reserves run thin

May 25, 2026

EPRA ends kenya power monopoly in major energy sector shift

May 13, 2026

“As far as I know we are still waiting for the ministry to call us for talks which they have not done to date. None of the big power producers have met them to date,” said George Aluru, the chairman of ESAK.

In January, Kenya Power cut retail tariffs by 15 percent hinged on reducing power theft and leakages from an aging network.

Kenya Power bought 46 percent or Ksh41.1 billion of its electricity from State-controlled KenGen with other top producers being wind plant—Lake Turkana Wind— and US-based geothermal firm, OrPower 4 Inc.

More than half of Kenya Power’s Ksh89.1 billion power purchase costs are capacity charges paid to power producers.

Read: I&M Holdings Is The Most Attractive Bank in Kenya – Report

Previous Post

KCB Foundation, USAID Launch Ksh100M Project For Smallholder Farmers

Next Post

Life And Times Of Late President Mwai Kibaki

Editor SharpDaily

Editor SharpDaily

The latest in business, real estate, education, investments, tech and entrepreneurship, brought to you daily. Reach us through thesharpdaily@gmail.com

Related Posts

News

African Airlines Turn Aircraft Maintenance into a New Investment Opportunity

August 13, 2026
News

The Rise of Africa’s Consumer Economy

August 13, 2026
News

How Financial Inclusion Is Driving Economic Growth Across Africa

August 13, 2026
News

Kenya’s Retirement Savings Growth Creates New Investment Opportunities for Life Insurers

August 12, 2026
News

Mobile Money Is Reshaping Africa’s Telecom Investment Landscape

August 12, 2026
News

East Africa’s Consumer Market Attracts Strategic Global Capital

August 12, 2026

LATEST STORIES

African Airlines Turn Aircraft Maintenance into a New Investment Opportunity

August 13, 2026

CBK’s M-Pesa fraud case setback raises bigger questions on consumer protection

August 13, 2026

Kenya’s Sh300 million Crypto capital rule could push startups toward the exit

August 13, 2026

Kenya’s IMF Funding Dilemma

August 13, 2026

The Rise of Africa’s Consumer Economy

August 13, 2026

How Financial Inclusion Is Driving Economic Growth Across Africa

August 13, 2026

Kenya’s Retirement Savings Growth Creates New Investment Opportunities for Life Insurers

August 12, 2026

Mobile Money Is Reshaping Africa’s Telecom Investment Landscape

August 12, 2026
  • 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