State’s direct procurement of fuel to lower cost of power

By EMMANUEL WERE

KENYA: The announcement by the Energy Regulatory Commission (ERC) last week that the price of power for most households will drop beginning next month was met with a lot of confusion.  Will ERC control fuel costs, inflation and foreign exchange that are considered in every household’s bill, yet the commission has no control of these factors? Did the Acting Director General Frederick Nyang promise what cannot be delivered?  Business Beat’s Emmanuel Were interviewed him and  below are the excerpts.