Dead Stock @ Kenya Power

 

DEAD STOCK @ KENYA POWER

The fact that Kenya Power has raised the alarm over its clients switch to solar (Business Daily 20, Nov. 2020) is not as much a problem for Kenya Power as it is a sign of the times. The data in the weekend article indicates that the shift to solar energy has been on since 2014. That would suggest that Kenya Power has been sleeping on the job. One might say it is a little too late for the “monopoly” not to have noticed the leakage on its income and where the income is leaking to. Kenya Power might benefit from NOT complaining to its customers and move quickly to get a piece of the pie in the sky. COVID-19 has only accentuated a derailed situation. My advice to Kenya Power is - act quickly! Because there are many more customers on that train that has already left the station. It is just that they don’t have big names like Moi International Airport or Kenyatta University to get published in the newspaper. If the big customers are dissatisfied with the pricing of power, how about the small customers who have no choice? It only makes sense that they will consume less electricity. That will simply magnify Kenya Power liquidity problems and add to the company’s “dead stock” power that it still has to pay for.  But, Kenya Power is not the only tree in the forest operating on old business algorithms. As I said, it is a sign of the times.