Forex levy pushes up power bills to record peak in April

A Kenya Power employee inspects a meter box. FILE PHOTO | NMG

Power bills have risen for six months in a row and will hit a historic peak this month due to a sharp increase in forex levy, squeezing budgets of consumers already reeling from steep bills.

Forex charge, which compensates for foreign currency costs, including loans that power producers have in their books, is up 50 per cent to Sh1.44 per kilowatt hour (kWh) of electricity consumed this month, according to data from Energy Regulatory Commission (ERC).

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