Public Notice on Harmonized Electricity Tariffs June 2018

Looks like power will be significantly more expensive across the board. Bad for the consumer. They said they'd make tariffs easier to understand, without disclosing they'd propose to make electricity more expensive. Good for KP top line if it goes through. Looking at KP H1 numbers, they want consumers to pay for their 'aggressive implementation of capital projects'.

The tragedy of our power is that we subsidize 3,633,720 consumers who buy power at 2.50/kwh i.e at below cost. The proposed rate for that band of customers will be 12.00/Kwh ~ 380% rise would see most poor Kenyans go off grid.

[quote=Ericsson]2017 versus 2016
Profit before tax ksh.10.912bn vs 12.083bn
Profit After tax ksh.7.266bn vs 7.197bn
Dividend per share sh.0.5 vs 0.5
Cash and cash equivalents ksh.(1.15bn) vs 5.503bn
Book closure 30th November 2017
AGM on 1st December 2017
Dividend payment date 31st January 2018

http://www.businessdaily...8616-sbsgx6z/index.html[/quote]

full year 2018 results due next month.

And now lawyer Apollo Mboya has won the case claiming a refund of KES 1.2B from KPLC in backdated erroneous meter readings

You really don't know what you are talking about. Just trying to mislead wazuans...The 1.2Billion has nothing to do with backdated erroneous meter reading. Bure Kabisa. Now listen, and listen carefully, Each month Kenya power bills customers a forex adjustment cost... depending on the prevailing exchange rate. The exchange rate is compared to the base exchange rate when the Tariffs were set. If the current exchange rate to the dollar and other basket of currencies is higher than the Base exchange rate( Case when shilling has been devalued)... The customers pay the difference in forex adjustment (And the opposite apply when the current exchange rate is lower than the base exchange rate, a case like the present when the current exchange rate is 101 to the dollar Compared to the base exchange rate of 103 to the dollar at the time of basing the current base tariff)...Due to this, the current Forex charge in your bills is around minus 1.3 shilling per KWH. When you multiply this minus 1.3 Shilling with the total monthly units consumed, you get around this 1.2 Billion that is in the presss. Now You Know

Two challenges were identified last year:
1.High costs of transmission
2.High finance costs
This year,it should be different.

Why have they started sending estimated bills again? Surely they cant read meters even in urban areas with all this unemployment?

So,all what you said goes in against the meter readings. So Appollos client meter readings had nothing to do with base rate because it is the readings that were erroneous and subsequently applied to a factor that had nothing to do with the he case in court about 1.2bns meter reading errors. 🎀🎀 🕠☠️💀
The bottom line 1.2bijots are at stake here, and the likely to lose is kplsee. Do you have an explanation has to how to shield your darling from this disastrous turn of events?

Dividend yield of 10.75 at current prices? Isn't that wishful thinking...

@Ebenyo, please this company is dead. We are in pre-2002 manenos. If they loot NYS outright, think of what they are doing with these sophisticated companies? Remember most members of those Boards are GoK appointees representing interests of the powers that be and this is in Bill's docket. You remember CS almost crying at a press conference coz of the same court cases. I can assure you these buggers don't care about the common shareholder but what they can loot.