Consumers to pay Sh1bn in forex related power bills

Electricity consumers queue to pay their bills at the Kenya Power offices. FILE PHOTO | NMG

The forex component of electricity bills has risen to a six-year high, setting consumers up for an additional Sh1.1 billion cost burden a month.

The increment arises from the Energy Regulatory Commission (ERC) more than doubling the forex surcharge to Sh2.35 per kilowatt hour (kWh) of electricity consumed in August, up from Sh1.05 per unit a month earlier.

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