A weakening shilling has raised the cost of electricity after the foreign exchange charge in power bills went up substantially. The Energy and Petroleum Regulatory Authority (Epra) last Friday adjusted the forex charge to 57.80 cents per unit of power purchased this month, up from 47.69 cents per unit in August. A strengthening or weakening shilling usually has an impact on the cost of power. In the Friday notice, the fuel cost charge (FCC) remained largely unchanged at Sh2.43 per unit of electricity for readings taken in September compared to Sh2.40 in August. The fuel charge is also a pass-through cost, which is used to compensate thermal power producers who mostly use heavy fuel oil.

Source: Standard Digital September 16, 2020 04:01 UTC