Why Token Prices Have Increased

Kenya Power and Lightning Company (KPLC) has linked the increase in the price of purchasing tokens to inflation and changes in the nation's fuel prices.

Why  Token Prices Have Increased

KPLC stated in a statement on Friday, September 16, that the Energy and Petroleum Regulatory Authority (EPRA) adjusts token rates on a monthly basis and that’s why Kenyans now have to pay more to buy tokens.

"The regulator has adjusted the fuel cost and inflation components of the bill, hence the increase in the token prices. This is done monthly by EPRA," read the statement in part.

The hike in token prices was seen after KPLC began to impose a 21% increase in power rates in compliance with the modifications published by EPRA.

Buyers noticed they were receiving fewer token units than they had previously purchased using the exact amount.

This is because the fuel cost fee per unit of tokens rose from Ksh 4.63 to Ksh 6.80 after the changes.

New fuel prices were released by EPRA on Wednesday, September 14 where super petrol prices rose by Ksh 20 to a record-high Ksh 179.30 a litre, diesel prices increased by Ksh25 to Ksh 165, and kerosene prices increased by Ksh20 to Ksh 147.94.

The hike in fuel prices followed President William Ruto's assertion that fuel subsidies were being withdrawn.

EPRA Director General Daniel Kiptoo claims that the government intends to diversify investment into renewable energy in order to protect Kenyans from the high cost of petroleum and electricity.