Business Daily | by Victor Juma
Kenya Power is seeking to lower fixed charges in contracts signed with electricity generating companies, a move that will boost its financial performance and lead to reduced power bills for consumers.
The Auditor-General says the electricity distributor has identified a reduction of capacity charges – paid to power firms regardless of generation – as one of the key actions that will pull it out of deep losses.
The electricity distributor says the move will also serve to bring down electricity bills…
