Kenya Power Acting Managing Director and CEO Dr. Ben Chumo.
Photo/SALATON NJAU
Kenya Power has announced a plan to phase out hard copy electricity bills and save at least Sh800 million every year.
Kenya
Power’s acting managing director Ben Chumo said that the company spends
Sh35 to prepare one hard copy bill a month, translating into millions
of expenses.
“Among other benefits this will enable the
company to minimize expenditure on postage of over two million bills
sent to post-paid customers every month,” said Mr Chumo.
He
was speaking Thursday while launching a countrywide campaign for
customers to register their account details to receive bills through
emails and SMS alerts.
The electricity distributor
posted a Sh4.3 billion net profit in the year ended June 2013,
representing a 6.5 per cent drop in earnings from a net of Sh4.6 billion
earned during the same period last year.
The company’s
total operating expenses increased from Sh19.6 billion to Sh21.1
billion incurred last year. Administration expenses were the highest at
Sh9.9 billion, up from Sh9 billion in 2012.
The company
has unsuccessfully attempted to increase the electricity tariff and
connection fees for new meter connections in a bid to raise revenue and
finance the expansion of the electricity distribution and increase
efficiency.
In an interview with the Nation on
Wednesday, acting director general for the Energy Regulatory Commission
Fredrick Nyang said he will give a directive on the new connections fees
that electricity consumers will pay for new meter connections in
December.
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