Nairobi, Dec. 14 -- The gap between what Kenya Power pays to buy a unit of electricity from power producers and the price it charges customers has widened sharply over the past two years, boosting the company's profits.

Kenya Power disclosures show that the per-unit electricity margin -the gap between cost and price- rose nearly fivefold to Sh5.10 in the year ended June 2024, up from Sh1.05 in 2023 and Sh0.42 in 2022, fuelling the resurgence in the firm's net profit over the past three years.

While the margin eased slightly to Sh3.58 per unit due to a slight reduction in power tariffs, the utility firm is enjoying the highest margins in over 15 years.

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The increased margins, added to co...