Fuel prices could be reduced this week as the government conducts a crisis meeting with stakeholders in the energy sector.
The meeting will be chaired by CS Fred Matiang’i and will focus on the high cost of electricity according to the findings of the report of the presidential task force on the review of Power Purchase Agreements (PPAs).
The team will discuss the challenges facing the energy sector and create a strategy to reduce the prices that have increased the cost of living.
Details of the meeting were revealed by the Super CS on Sunday when he stated the overhaul of scandalous Kenya Power will be among the key issues to be discussed.
While presiding over a fundraiser in support of Seventh-day Adventist Church in Isinya Kajiado County, Matiang’i said, “In light of the challenges facing the Ministry of Energy announced by the President, we shall this week start an aggressive programme to reduce the cost of fuel and electricity.”
The announcement comes a day after ODM leader Raila Odinga, while addressing a crowd in Bungoma hinted that the government would reduce the cost of fuel this week.
Dr. Matiangi’i said he would ensure the recommendations of the stakeholders’ meeting are implemented. The task force which is chaired by John Ngumi suggested an overhaul of Kenya Power and review of the PPAs between the company and private firms.
The task force noted the great difference between KenGen and IPP tariffs and electricity dispatch allocations and and lack of proper demand forecasting and planning as some some of the issues contributing to losses at Kenya Power.
Last week, Preident Uhuru Kenyata directed the Ministry of Energy to establish a path towards the reduction of the cost of electricity by over 33 percent within four months. In this anyone who spent Sh 500 per month for electricity shall by end of December 2021, pay shillings 330 per month.
On Wednesday, the President redeployed Energy CS Charles Keter and his PS Joseph Njoroge hours after receiving the report of the task force.