Kenya Power http://www.businessdaily.../-/dv0ogkz/-/index.html

An interesting mini rally on Liberty today...Ksh20 in 2014 possible.

In the headline today The Energy Regulatory Commission (ERC) has predicted a reduction in power tariffs beginning next month.

It said that bills for consumers using less than 50 units would drop by 7.9 per cent following a projected overall reduction in fuel and non-fuel costs.

“Kenya Power will benefit from the
tariff review though they did not get
everything they had asked for in
their application,” said Cyprian
Nyakundi, a manager at the Energy
Regulatory Commission.
The increments however come as bad
news for consumers, especially
industrial users whose production
costs will rise by large margins –
further eroding the competitiveness
of locally produced goods in the
regional markets.
The Business Daily on Tuesday
established that electricity prices
will rise by between 17 per cent and
25 per cent in December, eating
deeper into household budgets and
pushing up the cost of locally
manufactured goods.

Read more here http://www.businessdaily...0/-/wb9plvz/-/index.html

Oh really knock your socks off... All those links are dated 19th read the paper and listed to the ERC guy, leave ruto out of it at the moment

@deal dont get carried away by the headlines. Most of these journalists dint expect this hence the mix-up in news read this.....In the announcement, ERC directed that Kenya Power charges Sh15.51 per unit of electricity as a base tariff starting December 1, 2013 to June 2014, down from Sh15.59 per unit that has been charged before this review.

“As a regulator, our work is to ensure that Kenya Power charges prudent tariffs and, during the review, we have thoroughly discussed these figures with them. If they (Kenya Power) charge anything more than that, they will be in complete violation of the law,” said Mr Fredrick Nyang, acting director general of ERC.........Kenya Power could not immediately comment on the new tariffs as it requested for additional time to “consult”.

By June 2015, the tariff will drop to Sh13.44 and Sh12.66 per unit of electricity in the two subsequent financial years to June 2016.

The 2015 and 2016 review will result in a general decline in cost of power across the board, with heavy industries enjoying the largest cut of up to 16 per cent.

??? eehm....say what????? Have a fantastic day gentleman

I think you guys should factor in the effects of another US government shutdown come Jan/Feb 2014. Also, markets may not react positively to another absurd rise in the debt ceiling.

The rise in the last week has been quite steep,it has to pull back at some point.A 27% net gain in three months,i should not complain.Britam and Liberty share prices also doing well for their shareholders.

Good morning Madam Guru. How far do you expect HFCK to go? That is target and time line...
P.s Thanks for Pan Africa, I made some mega money, thanks to your connection...