KPLC Cuts Electricity Costs After Uhuru Directive

The Kenya Power, popular known by its NSE ticker, KPLC, on Thursday, December 16, announced that it would implement the directive issued by President Uhuru Kenyatta.

This came after a declaration by the Head of State on December 12 that the cost of power would be revised downwards by 30 per cent. 

According to the President, the reduction would happen in two phases of 15 per cent each.

President Uhuru Kenyatta during the Jamhuri Day Celebrations at the Uhuru Gardens on Sunday, December 12, 2021

State House

Kenya Power stated that the cost of power would be implemented in the December billing in accordance with the first phase. As such Kenyans will pay 15 per cent less for power as from January 2022.

In his address, the president explained that the first 15 per cent was realised through action focused on an audit of the KPLC systems.

“The reduction of the cost of electricity will be implemented in two tranches of 15 per cent each; with the first 15 achieved through initial actions focusing on system and commercial losses, to be reflected in the December bills, and a further 15% reduction, in the first quarter of 2022,” he stated.