Renewables gain edge as fuel prices fluctuate

From the newsletter

Nigeria and Egypt registered small increases in fossil fuel costs this month, while Kenyan prices remained stable thanks to fuel subsidies implemented to boost price stability. This ought to be good news for renewables. Diesel and petrol prices in South Africa showed a marginal decline. The rand strengthened against the US dollar, easing pressure on pump prices.

• Simultaneously, electricity prices rose in Kenya and South Africa due to adjustments from foreign exchange fluctuations. Nigeria and Egypt maintained stable prices, with both entering their fourth consecutive month of stability.

• Each month, Renewables Rising compiles publicly sourced data to track power price fluctuations in Africa's four major economies: Kenya, South Africa, Egypt, and Nigeria.

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