It would be prudent to end Kenya Power monopoly

Power bills have been rising fast leading to high production costs in the economy. This leads to increased prices of goods and services.

Indeed, many businesses that quit Kenya cite high energy costs as the main cause. Kenya Power argues the Energy Regulatory Authority dictates rates, but it is the power firmfs onus not to profit from State coffers. Why should a parastatal subsidised by the State declare profits for its shareholders yet it charges dearly for its services? Sometime back, it was argued that it wasnft a parastatal yet it continued to access loans with the State acting as guarantor.