[Getty Images]The cost of electricity will go up this month after the Energy and Petroleum Regulatory Authority (Epra) increased the foreign exchange component of the power bill yesterday. Being in the negative meant that power consumers were credited with a few free power units when buying tokens. Forex adjustment is one of the variables in the power bill that are revised monthly. Others include the fuel cost adjustment, which slightly went down for July power prices to Sh3.30 per unit from Sh3.63 in June. Also a pass-through cost, the fuel cost adjustment compensates thermal power producers for the acquisition of heavy fuel oil that they use at their power plants to produce electricity.

Source: Standard Digital July 10, 2021 05:37 UTC