{"id":25261,"date":"2021-04-02T19:53:40","date_gmt":"2021-04-02T19:53:40","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/?p=25261"},"modified":"2021-04-02T19:53:40","modified_gmt":"2021-04-02T19:53:40","slug":"power-firm-softens-push-for-tariff-hike","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/economy\/power-firm-softens-push-for-tariff-hike","title":{"rendered":"Power firm softens push for tariff hike"},"content":{"rendered":"

AfricaPress-Kenya:<\/strong> Kenya Power appears to be slowing down its push for a tariff increase and is instead rooting for sector-wide reforms including reviewing the relations it has with power producers to reduce the cost of procuring power.<\/p>\n

The firm has in the past called for higher tariffs, noting that while customers should get affordable power, there was also a need to keep the industry sustainable.<\/p>\n

In 2019, the electricity distributor applied to the Energy and Petroleum Regulatory Authority (Epra) for a 20 per cent hike on the power tariff.<\/p>\n

The company, however, said yesterday it would try to turn around its operations without loading more costs on consumers.<\/p>\n

Vivienne Yeda, the Kenya Power chair told shareholders that though the firm was not yet out of the woods, it had made progress over the recent months through measures such as cost cutting and sealing loopholes that have enabled siphoning of money in the past.<\/p>\n

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She said the company was near its short-term goal of stabilising cash flows.<\/p>\n

\u201cThe improved cash position has been achieved within the existing tariffs,\u201d Ms Yeda said during the firm\u2019s annual general meeting.<\/p>\n

\u201cAll it took was an insistence and persistence on doing things right, on not embarking on unnecessary expenditure, on taking a close look at costs including energy costs, collecting amounts due and tightening systems.\u201d<\/p>\n

Yeda was appointed the company\u2019s chair in November.<\/p>\n

\u201cThe board is of the view that as long we continue on this path of effective management and leadership and our customers pay their bills on time, there would be no urgent need for a tariff increase,\u201d she said.<\/p>\n

\u201cKenyans have enough financial burdens today, we have no intention of adding to those burdens.\u201d<\/p>\n

It is, however, not a guarantee that consumers will be saved from a price hike.<\/p>\n

In its annual report for the year to June 2020, Kenya Power said it was pursuing a tariff increase, decrying the lengthy time it has taken for the energy industry regulator to review power prices.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Kenya: Kenya Power appears to be slowing down its push for a tariff increase and is instead rooting for sector-wide reforms including reviewing the relations it has with power producers to reduce the cost of procuring power. The firm has in the past called for higher tariffs, noting that while customers should get affordable power, […]<\/p>\n","protected":false},"author":84,"featured_media":25257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[471,2420],"class_list":["post-25261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-epra","tag-kenya-power"],"yoast_head":"\nPower firm softens push for tariff hike - kenya<\/title>\n<meta name=\"description\" content=\"Kenya Power appears to be slowing down its push for a tariff increase and is instead rooting for sector-wide reforms including\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/economy\/power-firm-softens-push-for-tariff-hike\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Power firm softens push for tariff hike\" \/>\n<meta property=\"og:description\" content=\"Kenya Power appears to be slowing down its push for a tariff increase and is instead rooting for sector-wide reforms including\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/economy\/power-firm-softens-push-for-tariff-hike\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-02T19:53:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/04\/power_firm_softens_p60660ed97d68f.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"437\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/power-firm-softens-push-for-tariff-hike#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/power-firm-softens-push-for-tariff-hike\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Power firm softens push for tariff hike\",\"datePublished\":\"2021-04-02T19:53:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/power-firm-softens-push-for-tariff-hike\"},\"wordCount\":338,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/power-firm-softens-push-for-tariff-hike#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/04\/power_firm_softens_p60660ed97d68f.jpg\",\"keywords\":[\"EPRA\",\"Kenya Power\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/power-firm-softens-push-for-tariff-hike#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/power-firm-softens-push-for-tariff-hike\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/economy\/power-firm-softens-push-for-tariff-hike\",\"name\":\"Power firm softens push for tariff hike - 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