Electricity cost is set to come down as from 1st August following the completion of a tariff review in which the Energy Regulatory Commission (ERC) has reviewed.
Energy Regulation Authority on Monday morning announced that the fixed charge on electricity which is normally Sh 150 has been scrapped.
The cost of energy is set to go down effective 1st August which is a great relief to domestic consumers where the retail tariff will go down by 36%.
In the new billing the fuel cost charge, foreign exchange adjustment and the inflation costs will substantially go down.
In the new structure, which becomes effective August 1, domestic consumers will pay Sh16.60 per unit of electricity consumed from the initial cost of Sh 17.77/KWh in 2017/2018.
According to the tariff published on Monday by ERC, fuel cost charge will come down to Sh2.50 per unit from Sh4.60 in July while the foreign exchange adjustment will reduce 95 per cent to five cents in August from Sh1.22.
Inflation adjustment, which is revised every six month will be charged at five cents from 52 cents gazetted in July. ERC said it will gazette the new inflation charge in August and run through December.