Electricity prices will this month drop by a fifth due to a steep decrease in the forex charge in power bills, offering reprieve to consumers who grappled with a six-year surge in electricity prices last month.
The forex levy, which compensates Kenya Power and electricity producers for foreign currency costs, dropped to a low of Sh0.64 per kilowatt hour (kWh) of electricity consumed in September, from a six-year high of Sh2.35 per unit last month. The Energy Regulatory Commission (ERC) adjusts the levy every month to reflect the prevailing forex rate.
