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Commodities
Electrical energy costs drop marginally in February
Thursday February 23 2023
Home electrical energy payments fell 2.9 % to Sh25.63 per kilowatt-hour within the second month of the yr from Sh26.39 in January on diminished variable prices such because the gasoline price cost (FCC), worth added tax (VAT) and the international alternate fluctuation adjustment (FERFA).
An evaluation of energy payments by the Enterprise Day by day exhibits these consuming 50 kilowatts per hour (kWh) are paying Sh1,281.4, down from Sh1,319.61 in January.
Customers are paying Sh2,562.9 this month from Sh2,639.22 final month for 100kWh.
Learn: Kenya Energy seeks enhance of electrical energy costs by as much as 78pc
Households are paying Sh3,844.3 from Sh3,958.8 in January for 150kWh price of consumption. For 200kWh, customers are coughing up Sh5,125.8 this month, a decline from Sh5,278.44 final month.
The price of electrical energy has fluctuated for six months in a row on the again of excessive oil costs and a weak shilling because the new administration took over.
In September, after the elections, the price of energy was a excessive of Sh25.2 per kWh, adopted by Sh25.67 per kWh in October; November was Sh24.74 per kWh and December at Sh26.29 per kWh.
January noticed Kenyans pay the costliest home payments at Sh26.39 per kWh, including to the burden of the excessive price of dwelling as individuals had been saddled with unemployment and excessive inflation.
Kenya’s inflation dipped to 9 % year-on-year in January, down from 9.1 % a month earlier, easing for the third month in a row on decrease meals and gasoline costs.
The FCC, FERFA and VAT variables decreased by 8.9 %, 4.3 % and a pair of.9 % final month.
The international alternate impact fell to Sh1.85 per kWh from Sh1.93 per kWh within the interval below evaluation.
FCC in February was recorded as Sh7.18 per kWh down from Sh6.59 per kWh final month.
Learn: Electrical energy costs enhance marginally in January
A decline within the gasoline surcharge decreases the price of energy by growing the variety of items purchased.
The worth-added tax additionally fell to Sh3.07 per kWh from Sh3.16 per kWh the month earlier than.
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