Jitters as electricity sales to new customers dip by Sh1bn
Kenya Power reported a significant drop in revenue from new electricity customers despite an increase in the number of connections. Experts suggest this decline reflects a broader economic slowdown and a shift toward off-grid solar energy solutions.
Why it matters
The data serves as a potential indicator of weakening industrial activity and economic confidence within the Kenyan market.
Revenue from electricity sales to new Kenya Power customers dropped by Sh1.07 billion in the year to June despite increased connections, signalling slowing economic expansion and increased adoption of off-grid solar alternatives.
Official data shows that Kenya Power’s new customers consumed 161.7 Gigawatt-hours (GWh) in the year to June, marking a 20 percent drop from 202.98 GWh a year ago, pulling down revenues from this customer segment to Sh4.05 billion from Sh5.12 billion in the previous period, or a 26.41percent drop.
The dip in unit sales and revenues came despite Kenya Power connecting 412,249 new customers in the 12 months to June 2026, up from 401,848 the previous year, with more than half of them, or 226,803, being commercial customers.
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