Manufacturers approve new power tariffs
The Kenya Association of Manufacturers (KAM) has expressed satisfaction at the reduction of energy tariffs by the Energy Regulatory Commission.
KAM Chief Executive Ms Betty said the new tariffs bode well for investment in the sector.
“The manufacturing sector consumes 60% of the country’s electricity and is highly affected by erratic power supplies and high energy costs which have been negatively impacting on the competitiveness of locally produced products,” Ms Maina said in a statement.
The energy regulator on Tuesday announced tariff adjustments that will see the average price per unit fall to Sh15.51 from Sh15.59 starting next month.
The biggest beneficiaries are the 1.3 million power customers, or 58 per cent of the total electricity users, whose bills drop 7.9 per cent or Sh7.90 for every Sh100 paid previously.
These are the consumers who typically use 50 units and below monthly translating to about Sh600.
Ms Maina, in the statement, urged the Government to strengthen the Green Energy Fund to pool donor contributions to help finance Government equity participation and loan contributions to help firms and other institutions to develop clean energy projects.