An auction system will help with price discovery, enabling Kenya Power (Kenya’s grid operator) to procure electricity at the lowest possible price.
Around the world auctions have helped bring down prices of solar generated electricity to record lows time and again. The Philippines for instance, in a recent auction for a 50MW solar project received a bid for $0.04 per kwh. Zambia has also been able to achieve similar tariffs. In 2019, Zambia awarded six 20MW projects under its GET-FiT programme, where the lowest bid it received was $0.039 per kwh
Topic: Next gov (Ruto) should focus on reducing electricity cost - Auction System (Read 1042 times)