kawi254 wrote:Ericsson wrote:sparkly wrote:Ericsson wrote:https://www.businessdailyafrica.com/bd/economy/why-uhuru-electricity-price-promise-failed-3650604
Kenya power to bear the burden of reducing their system losses to avoid a revenue fall as a result of a 15% reduction in electricity prices
Where is the reduction? My tokens cost has gone up. I only get 38 units for KShs 1,000.
Reduction will be effected on Christmas Eve.
For now unakamuliwa proper.
i think the promised 15% reduction will be due to savings from expired Tsavo power PPA in September 2021 (-74MW thermal power off) and Muhoroni gas turbine PPA expiring Dec 2021(=-56MW thermal).
Taxes & levies make up bulk of electricity bill. Why can't they reduce this and get people hooked to using more electricity first? We wanted 5000mw but energy authority spent resources telling people to save energy and install solar heaters in the place of electric heaters...now we complain we are paying for excess unused generation capacity.
Reduction of taxes and levies that one treasury ruled out plus it would have affected the terms of engagement with IMF.
Installation of solar heaters was a way of guys making money after their firms were the ones importing the solar heaters.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle