The recent move by Kenya Power (KP) to significantly reduce electricity prices marks the end of many grievances that Kenyans have held for a long time.

On Monday, April 16, 2024, the company announced a 13% reduction in electricity prices.

According to the company, the cost of electricity will decrease by Sh3.44 per unit.

KP attributed this to the strengthening of the Kenyan Shilling against the Dollar and other foreign currencies, as well as the decrease in fuel prices.

Considering the government has also announced a decrease in fuel prices, Kenyans and business owners speaking to Taifa Dijitali expressed satisfaction with this development.

They said it signals a possible decrease in the cost of living, relieving Kenyans of the burden of rising prices of essential commodities, as observed since 2022.

“Our hope is that this will be the trend from now on. We are very hopeful,” said Mr. James Murage, a resident of Juja area, Kiambu County.

Despite the drop in these prices, some Kenyans suggested that the government should now focus on reducing the price of cooking gas, as it remains high.

They argue that the decrease in fuel and electricity prices should also translate to a reduction in the price of cooking gas.

“The price of gas increased significantly last month. Currently, the average price to refill a 13-kilogram cylinder is Sh3,330. That’s very high. Ironically, Deputy President William Ruto promised Kenyans that the government would do everything possible to lower the price of this essential commodity,” said Ms. Monicah Makokha, a resident of Nairobi.

Economic analysts also view this as a positive start, indicating that the government’s strategies to reduce the cost of living are finally bearing fruit.

In an interview with Taifa Dijitali, economic expert Mr. Tony Watima says that the first step for any government to reduce the cost of living among its citizens is to lower fuel and electricity prices.

“The prices of fuel and electricity affect almost everything in the country. When the prices of these two commodities go up, it directly translates to a rise in the cost of living. When their prices go down, it means the cost of living will start to decrease. So, this is a good sign,” said the analyst.