Kenyans have breathed a sigh of relief, as it is now guaranteed that the strain electricity bills have on their pockets will be significantly reduced.
This follows President Uhuru Kenyatta's announcement that the reduction of the cost of electricity will be implemented.
"I am pleased to note that the pathway to reduce the cost of electricity by over 30 per cent is on course," Uhuru said.
Uhuru made the announcement during the Jamhuri day celebrations held at Uhuru Gardens in Nairobi on Sunday.
On October 20, 2021, the Head of State directed the Ministry of Energy to hasten the implementation of the recommendations of the Presidential task force on Power Purchase Agreements.
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The Power Purchase Agreements affected the cost of electricity, which was felt by the consumers in exorbitant bills.
In response to the growing concerns by consumers, Uhuru announced that the reduction of the cost of electricity will be implemented.
The implementation will be done in two tranches of 15 per cent reduction each.
According to the president, the first 15 per cent will be effective in the December bills while the other 15 per cent of the reduction will be implemented in the first quarter of 2022.
"I am pleased to announce to the nation that the reduction of the cost of electricity will be implemented in two tranches of 15 per cent each; with the first 15 per cent achieved through initial actions focusing on system and commercial losses, to be reflected in the December bills, and a further 15 per cent reduction, in the first quarter of 2022," President Uhuru said.
Uhuru also noted that the Ministry of Energy has started engagements with independent power producers to renegotiate power purchase agreements in a bid to realize the second trance of the reduction in power bills.
"In realizing the second tranche of the reduction in power bills, I note that the Ministry of Energy has initiated engagements with Independent Power Producers aimed at renegotiation of power purchase agreements; so as to give better value for money for consumers," Uhuru said.
He urged the power producers to demonstrate goodwill as the government seeks to make the energy sector a greater catalyst for the nation's development.