Energy Secretary Charles Keter has rejected Kenya Power’s bid to increase electricity tariffs, a move than now offers relief to consumers but deals a blow to the utility company that was betting on new prices to reverse profit drops.
Mr Keter Wednesday said the injection of cheaper electricity from sources like geothermal and wind will lower the cost of wholesale power, which is the basis for Kenya Power’s demand for the tariff increment. Kenya Power has been seeking new tariffs after a temporary reduction of power charges for 5.7 million consumers expired in July.
