August electricity prices up 1.5pc a unit on higher fuel, forex costs

The increase in power prices is set to pinch consumers, who have been experiencing easing inflation in recent months.

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Consumers will pay about 1.5 percent more for a unit of electricity used in August, new computations show, on higher fuel and forex costs.

The Energy and Petroleum Regulatory Authority (Epra) has reviewed electricity prices upwards in the latest monthly review, which will see domestic ordinary customers pay an average of 42 cents more for a unit of power used than what they paid in July.

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Note: The results are not exact but very close to the actual.