Energy reforms to set off ripples in various sectors

Pump attendant fueling a vehicle at Shell Petroleum Station on Kenyatta Avenue in Nairobi on Wednesday, April 14, 2021. PHOTO | DENNIS ONSONGO | NMG

In his Mashujaa Day speech, President Uhuru Kenyatta promised that as part of the government’s economic stimulus plan, there would be a reduction in the cost of electricity by 30percent before the Christmas holiday.

The President made reference to the John Ngumi-led Taskforce on Review of Power Purchase Agreements that was set up to address concerns about the high cost of electricity, and which recently submitted its recommendations as to how the envisaged reduction of power costs could be achieved.

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