The Energy (Electricity Regulatory Accounts) Regulations, 2022

LAWS OF KENYA
THE ENERGY (ELECTRICITY REGULATORY ACCOUNTS) REGULATIONS, 2022
NO. 10556 OF 2023
Revised and published by the National Council for Law Reporting
with the authority of the Attorney-General as gazetted by the Government Printer
www.kenyalaw.org

published by the National Council for Law Reporting
with the authority of the Attorney-General as gazetted by the Government Printer
www.kenyalaw.org

Kenya
Energy Act
The Energy (Electricity Regulatory Accounts) Regulations, 2022
Gazette Notice 10556 of 2023
Legislation as at 11 August 2023
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• NC: Only noncommercial uses of the work are permitted.
• SA: Adaptations must be shared under the same terms.
Share widely and freely.

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023)
Contents
Part I – GENERAL PROVISIONS ...................................................................................................................................................................... 1
1. Citation ......................................................................................................................................................................................................... 1
2. Interpretations ........................................................................................................................................................................................... 1
3. Pupose of Regulations ............................................................................................................................................................................ 2
4. Applications ................................................................................................................................................................................................

......................................................................................................................................................

2
Part II – REGULATORY REPORTING REQUIREMENTS ............................................................................................................................. 2
5. Requirement to Keep Records for Separate Business ................................................................................................................. 2
6. Exemptions ................................................................................................................................................................................................. 3
7. Regulatory Reporting Periods .............................................................................................................................................................. 4
8. Form and Content of Regulatory Accounts ..................................................................................................................................... 4
Part III – COST ALLOCATIONS ........................................................................................................................................................................ 5
9.

................................................................................................................................................. 5
9.

Segmental Statement of Fixed Assets ............................................................................................................................................. 5
10. Other Asset and Liability Allocations ............................................................................................................................................ 6
11. Cost Allocations ..................................................................................................................................................................................... 6
12. Revenue Allocations ............................................................................................................................................................................. 6
13. Asset Base Valuation Adjustment .................................................................................................................................................... 7
14. Transactions with Related Licensee’s ............................................................................................................................................. 7
Section 15.

........................................................................................................................................ 7
Section 15.

....................................................................................................................................................................................................... 7
16. Audit ........................................................................................................................................................................................................... 8
Part V – COMPLIANCE AND ENFORCEMENT ............................................................................................................................................ 8
17. Incentives .................................................................................................................................................................................................. 8
18. Disputes and Appeals .......................................................................................................................................................................... 8
19.

................................................................................................................................................ 8
19.

Penalties .................................................................................................................................................................................................... 8
Part VI – TRANSITIONAL PROVISIONS AND COMMENCEMENT ......................................................................................................... 8
20. Transitions ................................................................................................................................................................................................ 8
21. Commencement ...................................................................................................................................................................................... 9
FIRST SCHEDULE (r. 5(1)(b)) ............................................................................................................................................................................. 9
SECOND SCHEDULE (r. 5(1)c) ........................................................................................................................................................................

......................................................................................................................................................

19
THIRD SCHEDULE [(r.5(3)a, r.8(b)iii, r.8(c)v and r.8(c)vi)] ..................................................................................................................... 27
FOURTH SCHEDULE [(r. 8(b)i and r.8(c)i)] ................................................................................................................................................. 30
FIFTH SCHEDULE [(r.8(b)iv)] .......................................................................................................................................................................... 31
SIXTH SCHEDULE [(r.8(d)(vi)(c))] ................................................................................................................................................................... 32

................................................................................................................................................... 32

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
ENERGY ACT
THE ENERGY (ELECTRICITY REGULATORY
ACCOUNTS) REGULATIONS, 2022
GAZETTE NOTICE 10556 OF 2023
Published in Kenya Gazette Vol. CXXV—No. 180 on 11 August 2023
Commenced on 11 August 2023
Part I – GENERAL PROVISIONS
1. Citation
These Regulations may be cited as the Energy (Electricity Regulatory Accounts) Regulations. 2. Interpretations
In these Regulations, unless the context otherwise requires any word or expression defined for the
purposes of the Act shall have the same meaning ascribed thereto when used in these Regulations;
“Act” means the Energy Act (Cap. 314);
“Activity-based” means a methodology for the allocation of costs in relation to the way resources are
consumed and with reference to the causation of cost at the level of business activities;
“Associate” means bodies corporate that are subsidiaries to the same body corporate or where one of the
body corporates is a subsidiary of the other;
“Auditor” means an independent person qualified under the Companies Act (Cap.

porate or where one of the
body corporates is a subsidiary of the other;
“Auditor” means an independent person qualified under the Companies Act (Cap.

486) and who is
prequalified by the Authority to carry out an audit under these Regulations;
“Authority” means the Energy and Petroleum Regulatory Authority established by section 9 of the Act;
“Beneficial owner” has the meaning assigned to it under the Companies Act (Cap. 486);
“Cabinet Secretary” means the Cabinet Secretary for the time being responsible for energy;
“Consumer” has the meaning assigned to it under the Act;
“Cost Allocation” means the process of correctly identifying, aggregating and assigning a single cost to
more than one business activity, process or service in a manner that prevents cross subsidization;
“Financial Year” means the period of twelve months in respect of which a licensee prepares its accounts
in accordance with the requirements of the Companies Act (Cap.

means the period of twelve months in respect of which a licensee prepares its accounts
in accordance with the requirements of the Companies Act (Cap.

486);
“IFRS” means the International Financial Reporting Standards developed by the International Accounting
Standards;
“Licence” means a license issued by the Authority under the Act;
“Licensee” means a holder of any licence issued under the Act;
“Regulatory accounts” means the prescribed system of accounts or framework used by licensees and
holders of certificates of exemption to provide financial data and information to the Authority in a specific
and consistent format as set out in these Regulations;
1

ficates of exemption to provide financial data and information to the Authority in a specific
and consistent format as set out in these Regulations;
1

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
“Regulatory asset base” means tangible and intangible assets used for the regulated activity, that are
directly related to the regulated activity and are used in tariff calculation (except third-party-funded
assets);
“Regulatory financial performance” means financial performance in relation to the form of tariff
control and any forecasts and assumptions made and disclosed by the Authority at the time of determining
that tariff control;
“Related or affiliated licensee” means—
(a) any subsidiary of a licensee or holder of a certificate of exemption;
(b) any company in which the shareholders of a licensee or holder of a certificate of exemption hold an
aggregate beneficial interest not less than twenty percent;
(c) any company whose directors are accustomed or under an obligation whether formal or informal to
act in accordance with the shareholders of a licensee or holder of a certificate of exemption; or
(d) a subsidiary or associate.

formal or informal to
act in accordance with the shareholders of a licensee or holder of a certificate of exemption; or
(d) a subsidiary or associate.

“Separate businesses” means separation of business activities referred to in these Regulations;
“Statutory accounts” means accounts laid before the company in its general meeting in accordance with
the Companies Act, 2015;
“Subsidiary” has the meaning assigned to it under the Companies Act (Cap. 486);
“Tariff controlled licensee” means a licensee subject to the Energy (Electricity Tariffs) Regulations,
2022; and
“Vertically integrated business” means an electricity undertaking or a group of undertakings where the
same person or the same persons are entitled, directly or indirectly, to exercise control, and where the
undertaking or group of undertakings perform at least one of the functions of transmission or distribution,
and at least one of the functions of generation or supply of electricity. 3. Pupose of Regulations
The purpose of these regulations is to prescribe reporting procedures and requirements for licensees
and holders of certificate of exemption, for purposes of achieving uniformity and consistent reporting of
elements that are required for tariff setting, approval and monitoring. 4.

exemption, for purposes of achieving uniformity and consistent reporting of
elements that are required for tariff setting, approval and monitoring. 4.

Applications
These Regulations shall apply to any person who—
(a) has a licence issued under sections 117 and 119 of the Act for the generation, importation or
exportation, transmission or distribution of electrical energy or for the retail supply of electrical
energy to consumers; or
(b) has a certificate of exemption issued under the Act. Part II – REGULATORY REPORTING REQUIREMENTS
5. Requirement to Keep Records for Separate Business
(1) A licensee or a holder of a certificate of exemption shall—
(a) keep or cause to be kept, for a period of a minimum of seven years, such accounting and
other records as are necessary to ensure that all of the revenues, costs, assets, liabilities,
reserves, and provisions of, or reasonably attributable in accordance with these Regulations,
to the licensed or exempted activity;
2

ts, liabilities,
reserves, and provisions of, or reasonably attributable in accordance with these Regulations,
to the licensed or exempted activity;
2

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
(b) keep the regulatory accounts in the manner set out in the First Schedule to these
Regulations;
(c) map its existing chart of accounts to the uniform chart of accounts set out in the Second
Schedule to these Regulations; and
(d) keep the regulatory accounts in Kenya Shillings unless exempted by the Authority. (2) In keeping the accounts and records referred to in subregulation (a) the licensee shall ensure that
each of the following business activities of the licensee are separately identifiable—
(a) system operation;
(b) electricity generation/importation/exportation;
(c) electricity transmission;
(d) electricity distribution;
(e) electricity supply activities;
(f) electricity retail activities; and
(g) any other corporate activities.

nsmission;
(d) electricity distribution;
(e) electricity supply activities;
(f) electricity retail activities; and
(g) any other corporate activities.

(3) Subject to the exemptions in Regulation 6, in addition to statutory accounts required under any
other written law:
(a) A licensee shall in the case of a generating licensee, prepare generation summary statements
from the accounting and other records referred to in Regulation 5(1) in the form andwith
content specified in the Third Schedule in respect of each installation within the generating
plant for which a license would be required under sections 117 and 119 of the Act. (b) In respect of all other licensees, prepare regulatory accounts from the accounting and
other records referred to in Regulation 5(1) in the form and with the content specified in
Regulation 10.

regulatory accounts from the accounting and
other records referred to in Regulation 5(1) in the form and with the content specified in
Regulation 10.

(4) The accounting records maintained under these Regulations shall ensure—
(a) licensees segregate accounting records between licensed activities or services in a vertically
integrated business;
(b) holders of certificate of exemption to segregate accounting records between exempted
activities or services in a vertically integrated business;
(c) licensees and holders of certificate of exemption to segregate regulated business from non-
regulated business; and
(d) they apply the prescribed principles and methodologies for cost allocation under these
Regulations. 6. Exemptions
(1) A licensee may apply to the Authority for an exemption from the application of these Regulations. (2) The Authority shall consider the application made under subregulation (1) and the reasons
advanced thereof by the licensee and may grant an exemption where—
(a) it is satisfied with the form and manner in which the records and accounts of the licensee are
kept and audited; or
(b) such exemption is provided for in the licence. (3) A licensee exempted under this regulation shall maintain its books of accounts in accordance with
IFRS. 3

xemption is provided for in the licence. (3) A licensee exempted under this regulation shall maintain its books of accounts in accordance with
IFRS. 3

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
7. Regulatory Reporting Periods
(1) Regulatory reporting periods shall start at the end of any previous regulatory reporting period and
end at the start of any subsequent regulatory reporting period. (2) Unless otherwise specified in writing by the Authority:
(a) All licensees’ regulatory reporting periods shall coincide with the licensees’ financial years. (b) A regulatory reporting period for every licensee shall commence in the financial year
immediately succeeding the effective date of these regulations. 8. Form and Content of Regulatory Accounts
(1) The form and content of regulatory accounts shall be as follows:
(a) Except where otherwise required or permitted by these Regulations, regulatory accounts
shall comply with standards appropriate for the preparation of annual financial statements.

red or permitted by these Regulations, regulatory accounts
shall comply with standards appropriate for the preparation of annual financial statements.

(b) Regulatory accounts shall be prepared to present fairly, in all material respects and in
accordance with these Regulations:
(i) a statement of income and the regulatory financial performance for the regulatory
reporting period of each of the licensee’s separate businesses and, in aggregate, of the
licensee as per the Fourth Schedule;
(ii) the financial position at the end of the regulatory reporting period of the licensee;
(iii) the fixed assets at the end of the regulatory reporting period of each of the licensee
separate businesses as per the Third Schedule;
(iv) regulatory Asset Base at the end of the regulatory reporting period of each of the
licensee separate businesses as per the Fifth Schedule; and
(v) The cash flows of the licensee for the regulatory reporting period.

iod of each of the
licensee separate businesses as per the Fifth Schedule; and
(v) The cash flows of the licensee for the regulatory reporting period.

(c) Regulatory accounts shall comprise—
(i) a segmental statement of regulatory financial performance, which may take the
form of a segmental statement of comprehensive income, analyzed with reference
to the business activities referred to in Regulation 5(2) and in the form of the Fourth
Schedule;
(ii) a statement of the financial position for the licensee;
(iii) a statement of changes in equity for the licensee;
(iv) a statement of cash flows for the licensee;
(v) a segmental statement of fixed assets in accordance with Regulation 10 and in the
form of the Third Schedule;
(vi) a segmental statement of the Regulatory Asset Base prepared in accordance with the
Energy (Electricity Tariffs) Regulations, 2022, analyzed with reference to the business
activities referred to in Regulation 5(2) and in the form of the Third Schedule; and
(vii) any other related notes, where appropriate in the form of to these regulations. (d) Regulatory accounts shall be accompanied by—
(i) a directors’ report;
(ii) a corporate governance statement;
4

n the form of to these regulations. (d) Regulatory accounts shall be accompanied by—
(i) a directors’ report;
(ii) a corporate governance statement;
4

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
(iii) a business review;
(iv) a report of the auditor on the regulatory accounts;
(v) a statement of the accounting policies adopted;
(vi) a tariff control statement disclosing, in respect of the fiscal year;
(a) the values of all tariff control measures, specified by the Authority in accordance with the
Energy (Electricity Tariffs) Regulations, 2022;
(b) the computation of all tariff control constraints, specified by the Authority in accordance
with the Energy (Electricity Tariffs) Regulations, 2022;
(c) the monetary value of any material variances, distinguishing between variances in fuel cost
tariffs and other variances, in the form of Sixth Schedule;
(d) other statements providing statistics relating to service performance, asset performance,
asset condition, other asset characteristics, operational matters, as the Authority may from
time to time specify. (2) The Authority may permit adaptations of the format and presentation of regulatory accounts to
reflect IFRS and other conventions familiar to users or potential users of regulatory accounts.

the format and presentation of regulatory accounts to
reflect IFRS and other conventions familiar to users or potential users of regulatory accounts.

(3) In presenting the regulatory financial accounts, the licensee shall provide comparative information
which shall include—
(a) information relating to the prior regulatory reporting period; and
(b) information relating to forecasts and assumptions in respect of the regulatory reporting
period made and disclosed by the Authority at the time of determining any relevant tarif
control. (4) The licensee shall give prominence to comparative information under subregulation (3)(b) in
relation to the regulatory financial performance of each of the licensee’s separate businesses and, in
aggregate, of the licensee
(5) Unless otherwise provided for in these regulations, regulatory accounts shall be prepared on a basis
that is consistent with the licensee’s statutory accounts. A reconciliation of consolidated income
and equity with amounts disclosed in the licensee’s statutory accounts shall be presented in respect
of any material differences.

consolidated income
and equity with amounts disclosed in the licensee’s statutory accounts shall be presented in respect
of any material differences.

(6) Where there are any material differences between the basis of preparation, the presentation of
information or allocation of costs in the regulatory accounts and any information used by the
Authority when determining the relevant tariff basis, regulatory accounts shall disclose sufficient
information to permit users of regulatory accounts to understand the impact of these differences on
the regulatory financial performance of the licensee and its separate businesses and on the financial
position of the licensee. Part III – COST ALLOCATIONS
9. Segmental Statement of Fixed Assets
(1) For the purpose of preparing a segmental statement of fixed assets, the value of the licensee’s fixed
assets in the company’s statutory accounts shall be allocated to the separate activities referred to in
Regulation 5(2) in relation to the dominant purpose or function of the fixed asset. (2) The purpose or function of a fixed asset should be assessed in relation to its role, if any, in the
licensee’s electrical systems, the purpose for which the asset was acquired and its expected use over
its economic life. 5

to its role, if any, in the
licensee’s electrical systems, the purpose for which the asset was acquired and its expected use over
its economic life. 5

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
(3) Where the dominant purpose or function of a fixed asset is to support a single business activity
referred to in Regulation 5(2), or derives from such a business activity, that asset shall be allocated
to that activity. (4) Where a fixed asset relates to the conveyance of electrical energy from one business activity to
another, such as a transformer, it shall be treated as supporting the upstream activity. (5) Where a fixed asset does not have a dominant purpose or function that relates to a single business
activity—
(a) If the asset forms part of the licensee’s electrical systems, it shall be allocated to the
upstream activity that it relates to;
(b) Otherwise, it shall be allocated to corporate activities. (6) For the purpose of this regulation, fixed assets include all non-current assets that would, were they
to be acquired during the currency of these regulations, be eligible for inclusion as additions to the
Regulatory Asset Base in accordance with the Energy (Electricity Tariffs) Regulations, 2022. 10.

ations, be eligible for inclusion as additions to the
Regulatory Asset Base in accordance with the Energy (Electricity Tariffs) Regulations, 2022. 10.

Other Asset and Liability Allocations
For the purpose of preparing a statement of financial position, unless the licensee considers that the
financial position of its separate businesses can be considered as distinct from its financial position and
it would be misleading to a reader of the regulatory accounts not to do so, liabilities and non-fixed assets
need not be allocated to the licensee’s separate businesses. 11. Cost Allocations
(1) Operating costs, including depreciation, shall be allocated to the separate businesses referred to in
Regulation 5(2) in relation to the way resources are consumed and with reference to the causation
of cost at the level of business activities (activity-based).

n 5(2) in relation to the way resources are consumed and with reference to the causation
of cost at the level of business activities (activity-based).

(2) Costs which are incurred in respect of more than one activity, or which are not readily attributable
to a single activity, shall be allocated objectively using a reasonable methodology, having regard to
the materiality of the allocations, on:—
(a) a cost-allocation methodology that materially meets best practice standards of activity-based
allocation, or
(b) where an activity basis cannot be computed at a reasonable cost, an alternative basis that
provides a reasonable proxy for an activity-based allocation of costs in the light of best
available information about the causation of cost. (3) The Authority may require licensees to develop activitybased cost allocation systems. (4) Except where costs do not relate to services supported by regulated tariffs, such as costs of
corporate activities set out under Regulation 5(2)(g), all other costs shall be fully allocated to the
other activities of the holder where they fall under Regulations 5(2)(a) to (f), as appropriate.

)(g), all other costs shall be fully allocated to the
other activities of the holder where they fall under Regulations 5(2)(a) to (f), as appropriate.

(5) The allocation of depreciation of fixed assets will reflect the usage of assets and will not necessarily
reflect the balance sheet allocation of fixed assets under Regulation 10, as inter-activity recharges
of depreciation. 12. Revenue Allocations
(1) Revenues shall be allocated as follows—
(a) In respect to tariff-controlled licensees, revenues from the following tariffs shall be allocated
in accordance with the business activities set out in Regulation 5(2) as follows:
(i) System operation tariffs shall be allocated to activities under Regulation 5(2)(a). 6

e business activities set out in Regulation 5(2) as follows:
(i) System operation tariffs shall be allocated to activities under Regulation 5(2)(a). 6

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
(ii) Fuel cost tariffs shall be allocated to activities under Regulation 5(2)(b). (iii) Non-fuel power procurement tariffs shall be allocated to activities under Regulation
[ ]. (iv) Electricity transmission tariffs shall be allocated to activities under Regulation 5(2)(c). (v) Electricity distribution tariffs shall be allocated to activities under Regulation 5(2)(d). (vi) Retail supply activity tariffs shall be allocated to activities under Regulation 5(2)(e)
and (f). (b) Other revenues shall be allocated in relation to the nature of the services provided and the
allocation of the costs that are associated with providing those services. 13.

be allocated in relation to the nature of the services provided and the
allocation of the costs that are associated with providing those services. 13.

Asset Base Valuation Adjustment
In order to ensure the regulatory accounts, present fairly the regulatory financial position of the licensee
and of its separate business activities:
(a) The regulatory accounts balance sheet shall include adjustments to reflect any material difference
between the book values of the licensee’s net assets, excluding financing liabilities, and the
Authority’s assessment of the Regulatory Asset Base under the Energy (Electricity Tariffs)
Regulations, 2022. (b) The regulatory accounts balance sheet shall incorporate an balance on any regulatory fuel cost
recovery provision maintained in accordance with the Energy (Electricity Tariffs) Regulations, 2022,
treating any accumulated surplus as a liability and any accumulated deficits (negative balance) as
an asset. 14.

ectricity Tariffs) Regulations, 2022,
treating any accumulated surplus as a liability and any accumulated deficits (negative balance) as
an asset. 14.

Transactions with Related Licensee’s
The regulatory accounts shall include an explanatory note disclosing the following:
(a) The nature and scale of transactions with related or affiliated licensee’s, analyzed by party and
in enough detail for a user of regulatory accounts to understand components of the regulatory
financial performance and statement of financial position that would be mainly affected. (b) Confirmation, where appropriate and material to the regulatory accounts, that transactions with
related or affiliated licensees are negotiated on an arm’s length basis and on normal commercial
terms. (c) Whether transactions with related or affiliated licensees were subject to competitive tendering. (d) Estimates of the effects on the comprehensive income, balance sheet and cash flows of any material
transactions or groups of transactions that are not negotiated on an arm’s length basis and on
normal commercial terms. 15. (1) The licensee shall prepare a directors’ report, a regulatory corporate governance statement and a
regulatory business review.

ommercial terms. 15. (1) The licensee shall prepare a directors’ report, a regulatory corporate governance statement and a
regulatory business review.

(2) Subject to the following, the licensee may include summarized extracts of the corresponding
statements in the licensee‘s statutory accounts. (3) The regulatory business review shall include commentary on the licensee’s financial performance
in relation to the Authority’s forecasts and other assumptions made and disclosed at the time it
determined the relevant tariff control, any major events and changes to the business environment
not anticipated in those assumptions and the impact on the position of investors and users. 7

any major events and changes to the business environment
not anticipated in those assumptions and the impact on the position of investors and users. 7

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
(4) The regulatory corporate governance statement shall provide a description of the licensee’s
approach to generating value for investors and users under the incentive arrangements established
by the Authority. 16. Audit
(1) The Authority shall pre-qualify auditors for the purposes of auditing the regulatory accounts once
every year. (2) A licensee or holder of certificate of exemption shall procure an audit from the prequalified list
under subregulation (1) to undertake an audit of its regulatory accounts and generation summary
statements. (3) The auditor shall submit to the Authority the audited regulatory accounts and generation summary
statements within three months after the end of the financial year. (4) The licensee or holder of certificate of exemption shall not procure services from the same auditor
for a period of more than three consecutive years. Part V – COMPLIANCE AND ENFORCEMENT
17.

exemption shall not procure services from the same auditor
for a period of more than three consecutive years. Part V – COMPLIANCE AND ENFORCEMENT
17.

Incentives
The Authority shall review licensee compliance with these Regulations within three years of the
Regulations coming into force, and subject to findings of the review, the Authority shall establish incentive
mechanisms to facilitate compliance as appropriate. 18. Disputes and Appeals
(1) Any complaints and/or disputes under these regulations shall be referred to the Authority for
resolution in accordance with the Energy (Complaints and Disputes Resolution) Regulations, 2022
or any replacement of the same. (2) Any person who is dissatisfied/aggrieved by a decision of the Authority shall lodge an appeal with
the Energy and Petroleum Tribunal. 19. Penalties
(1) A licensee or holder of a certificate of exemption who does not maintain and submit information in
accordance with these Regulations commits an offence and is liable on conviction to a fine of not
less than one hundred thousand shillings. (2) In the case of a continuing offence, Director's of a licensee or holder of a certificate of exemption
shall be liable upon conviction to a penalty of six (6) months imprisonment.

offence, Director's of a licensee or holder of a certificate of exemption
shall be liable upon conviction to a penalty of six (6) months imprisonment.

(3) The fines or penalties in these Regulations are without prejudice to the Authority’s right to suspend
or revoke the licensee’s licence or certificate in accordance with the Act. (4) Any fines or penalties which are not paid shall be a civil debt recoverable summarily. Part VI – TRANSITIONAL PROVISIONS AND COMMENCEMENT
20. Transitions
The accounting processes that a licensee has in place at the commencement of these Regulations shall
continue until the start of the licensee's financial year immediately succeeding the effective date of these
8

commencement of these Regulations shall
continue until the start of the licensee's financial year immediately succeeding the effective date of these
8

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
Regulations, upon which the licensee's regulatory reporting period and system of accounting shall be
aligned to and prepared in compliance with these Regulations. 21. Commencement
These Regulations commence immediately upon their gazettement by the Cabinet Secretary. FIRST SCHEDULE (r. 5(1)(b))
REGULATORY ACCOUNT FORMAT
1. General information including—
(a) the name of licensee or holder of a certificate of exemption:
(b) the reporting period:
(c) the name, title and contact of accounting officer:
(d) legal status:
(e) the nature of share capital including the issued, subscribed, paid up share capital, premium on issue of
shares, discount on issue of shares and redeemable capital:
(f) the details of directors who held office at any time during the year: and
(g) any changes that have occurred to the company including change in directorship and ownership of
property of the company. 2. Control over licensee or holder of a certificate of exemption and state—
(a) the name of the controlling company:
(b) the manner in which control was held; and
(c) the extent of control. 3.

rtificate of exemption and state—
(a) the name of the controlling company:
(b) the manner in which control was held; and
(c) the extent of control. 3.

Companies controlled by licensee including names of all companies, business, trusts and similar organisations
controlled directly or indirectly by the licensee at any time during the year. 4. Remuneration of officers- name, title and salary of officers whose salary is over KSh. 12,000,000/- per annum. 5. Change in structure during the year including—
(a) change in name; and
(b) changes in and important additions to franchise rights. 6. Financial summary including—
(a) comparative balance sheet including assets and other debits;
(b) comparative balance sheet including liabilities and other credits;
(c) income statement for the year;
(d) reconciliation with statutory financial statements including balance sheet and income statement;
(e) statement of retained earnings for the year; and
(f) cash flow statement for the year. 7. Explanatory notes to uniform system of accounts, changes to the business environment not anticipated and
the impact on the position of the licensee or a holder of a certificate of exemption. 8. Non-utility property owned or under finance lease including—
9

he impact on the position of the licensee or a holder of a certificate of exemption. 8. Non-utility property owned or under finance lease including—
9

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
(a) type of property;
(b) property value at the beginning of the year;
(c) additions and any disposals; and
(d) accumulated depreciation. 9. Electric plant leased to others including—
(a) a description of the property;
(b) the authorisation or lease agreement;
(c) expiration of the lease; and
(d) accumulated depreciation. 10. Electric plant held for future use including—
(a) the date entered on accounts of a licensee or holder of certificate of exemption; and
(b) expected date of use. 11. Construction work in progress including—
(a) a description of the project; and
(b) percentage of completion at the end of the year. 12. Investment in subsidiary or affiliate companies including;
(a) a description of the investment;
(b) the date of acquisition;
(c) the equity in the subsidiary or affiliate; earnings from the subsidiary or affiliate; and
(d) gain or loss from disposal of investment. 13. Long term advances, deposits and prepayments including—
(a) long term security deposits; and
(b) long term prepayments. 14. Inventory. 15.

stment. 13. Long term advances, deposits and prepayments including—
(a) long term security deposits; and
(b) long term prepayments. 14. Inventory. 15.

Accounts receivables, allowance for bad and doubtful debts and trade debts (age analysis) including—
(a) explanations relating to provision of doubtful and bad debts; and
(b) bad and doubtful debts in respect of disconnected customers. 16. Details of source of finance and associated costs including—
(a) concession loans;
(b) debentures;
(c) bank loans;
(d) liability subject to finance lease;
(e) advances from subsidiaries or affiliate companies; and
(f) other short-term loans. 17. Taxes payable including—
10

ility subject to finance lease;
(e) advances from subsidiaries or affiliate companies; and
(f) other short-term loans. 17. Taxes payable including—
10

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
(a) provisional tax;
(b) payments; and
(c) adjustments, if any.
18. Operating revenue including—
(a) sale of electricity;
(b) concession lease income;
(c) maximum demand charge;
(d) wheeling and interconnection income;
(e) sale of electric poles;
(f) carbon credits; and
(g) other electric charges.
19. Research development, demonstration activities and associated costs.
Heading 1 Heading 2
10101010 Leasehold land Assets Land and buildings
10101020 Freehold Land Assets Land and buildings
10101030 Land Rights Assets Land and buildings
10101040 Buildings and fixtures
Leased
Assets Land and buildings
10101050 Buildings and fixtures
owned
Assets Land and buildings
10101060 Leasehold improvements Assets Land and buildings
10101070 Reservoirs, waterways,
dams
Assets Machinery and
equipment
10101080 Waterwheels, turbines
and generators
Assets Machinery and
equipment
10101090 Roads, Railroads and
bridges
Assets Machinery and
equipment
101010100 Accessory electric
equipment
Assets Machinery and
equipment
11

quipment
10101090 Roads, Railroads and
bridges
Assets Machinery and
equipment
101010100 Accessory electric
equipment
Assets Machinery and
equipment
11

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
Heading 1 Heading 2
101010110 Boiler plant equipment Assets Machinery and
equipment
101010120 Engine and engine
driven generator
Assets Machinery and
equipment
101010130 Turbo generator units Assets Machinery and
equipment
101010140 Reactor plant equipment Assets Machinery and
equipment
101010150 Fuel holders, producers
and accessories
Assets Machinery and
equipment
101010160 Prime movers Assets Machinery and
equipment
101010170 Generators Assets Machinery and
equipment
101010180 Measurement and
testing equipment
Assets Machinery and
equipment
101010190 Electric plant purchase Assets Machinery and
equipment
101010200 Other installation on
customers premises
Assets Machinery and
equipment
101010210 Load management
controls-utility premises
Assets Machinery and
equipment
101010220 Transport equipment Assets Machinery and
equipment
101010230 Other utility plant Assets Machinery and
equipment
10102140 Experimental electric
plant unclassified
Assets Machinery and
equipment
12

pment
101010230 Other utility plant Assets Machinery and
equipment
10102140 Experimental electric
plant unclassified
Assets Machinery and
equipment
12

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
Heading 1 Heading 2
10102150 Electric plant in
the process of
reclassification
Assets Machinery and
equipment
10102160 Electric plant held for
future use
Assets Machinery and
equipment
10102170 Electric plant and
equipment leased to
others
Assets Machinery and
equipment
10102180 Completed construction
not classified-electric
Assets Machinery and
equipment
10102190 Construction work in
progress
Assets Machinery and
equipment
10102200 Renovation work in
progress
Assets Machinery and
equipment
10102210 Non-utility property
owned or under lease
Assets Machinery and
equipment
10102220 Rural electrification
projects
Assets Machinery and
equipment
10102230 Electric plant acquisition
adjustments
Assets Machinery and
equipment
10102240 Other electric plant
adjustments
Assets Machinery and
equipment
10102250 Other utility plant Assets Machinery and
equipment
10102260 Transformer Station
Equipment – Normally
Primary bove 50Kv
Assets Machinery and
equipment
10102270 Distribution Station
Equipment- Normally
Primary helm/50 Kv
Assets Machinery and
equipment
13

rimary bove 50Kv
Assets Machinery and
equipment
10102270 Distribution Station
Equipment- Normally
Primary helm/50 Kv
Assets Machinery and
equipment
13

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
Heading 1 Heading 2
10102280 Storage battery
equipment
Assets Machinery and
equipment
10102290 Poles, lowers and
fixtures
Assets Machinery and
equipment
10102300 Overhead conductors
and devices
Assets Machinery and
equipment
10102310 Underground conduit Assets Machinery and
equipment
10102320 Underground conductors
and devices
Assets Machinery and
equipment
10102330 Linc transformers Assets Machinery and
equipment
10102340 Services Assets Machinery and
equipment
10102350 Meters Assets Machinery and
equipment
10102360 Leased property on
customer's premises
Assets Machinery and
equipment
10108090 Accumulated
depreciation on water
wheels, turbines and
generators
Assets Accumulated
depreciation
10108100 Accumulated
depreciation on roads.
railroads and bridges
Assets Accumulated
depreciation
10108110 Accumulated
depreciation on
accessory electric
equipment
Assets Accumulated
depreciation
10108120 Accumulated
depreciation on boiler
plant equipment
Assets Accumulated
depreciation
14

sory electric
equipment
Assets Accumulated
depreciation
10108120 Accumulated
depreciation on boiler
plant equipment
Assets Accumulated
depreciation
14

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
Heading 1 Heading 2
10108130 Accumulated
depreciation on engine
and engine-driven
generator
Assets Accumulated
depreciation
10108140 Accumulated
depreciation on turbo
generator units
Assets Accumulated
depreciation
10108150 Accumulated
depreciation on reactor
plant equipment
Assets Accumulated
depreciation
10108160 Accumulated
depreciation on li.1el
holders. producers and
accessories
Assets Accumulated
depreciation
10108170 Accumulated
depreciation on prime
movers
Assets Accumulated
depreciation
10108180 Accumulated
depreciation on
generators
Assets Accumulated
depreciation
10108190 Accumulated
depreciation on
measurement and
testing equipment
Assets Accumulated
depreciation
10108200 Accumulated
depreciation on electric
plant
Assets Accumulated
depreciation
10108210 Accumulated
depreciation on
experimental electric
plant unclassified
Assets Accumulated
depreciation
10108220 Accumulated
depreciation on electric
plant in the process of
reclassification
Assets Accumulated
depreciation
15

ets Accumulated
depreciation
10108220 Accumulated
depreciation on electric
plant in the process of
reclassification
Assets Accumulated
depreciation
15

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
Heading 1 Heading 2
10108230 Accumulated
depreciation on
experimental electric
plant held for li.1turc
use
Assets Accumulated
depreciation
10108240 Accumulated
depreciation on electric
plant and equipment
leased to others
Assets Accumulated
depreciation
10108250 Accumulated
depreciation on
implemented
construction not
classified
Assets Accumulated
depreciation
10108290 Accumulated
depreciation on motor
vehicles-general
Assets Accumulated
depreciation
10108300 Accumulated
depreciation on motor
vehicles-network
operations
Assets Accumulated
depreciation
10108310 Accumulated
depreciation on
specialized trucks
Assets Accumulated
depreciation
10108320 Accumulated
depreciation on goodwill
Assets Accumulated
depreciation
10108330 Accumulated
depreciation on
franchises and consents
Assets Accumulated
depreciation
10108340 Accumulated
depreciation on
computer software
Assets Accumulated
depreciation
10108350 Accumulated
depreciation on
miscellaneous intangible
plant
Assets Accumulated
depreciation
16

mputer software
Assets Accumulated
depreciation
10108350 Accumulated
depreciation on
miscellaneous intangible
plant
Assets Accumulated
depreciation
16

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
Heading 1 Heading 2
10108360 Accumulated
depreciation on office
furniture and equipment
Assets Accumulated
depreciation
10108370 Accumulated
depreciation on
computer equipment-
hardware
Assets
10108380 Accumulated
depreciation on stores
equipment
Assets Accumulated
depreciation
10108390 Accumulated
depreciation on fire and
safety system
Assets Accumulated
depreciation
10201020 Investment in associated
companies
Assets Group companies
(intercompany
investments)
10201030 Investment in subsidiary
company
Assets Group companies
(intercompany
investments)
10202010 Term finance certificate Assets Investments and
financial instruments
10202020 Deposit certificates Assets Investments and
financial instruments
10202030 Sinking fund Assets Investments and
financial instruments
10202040 Other special or
collateral funds
Assets Investments and
financial instruments
10202050 Long term security
deposits
Assets Investments and
financial instruments
10202060 Long term repayments Assets Investments and
financial instruments
17

Long term security
deposits
Assets Investments and
financial instruments
10202060 Long term repayments Assets Investments and
financial instruments
17

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
Heading 1 Heading 2
10202070 Other long term
receivables
Assets Investments and
financial instruments
10305010 Unrecovered plant and
regulatory study costs
Assets Deferred charged
10305020 Preliminary survey and
investigation charges
Assets Deferred charged
10305030 Development charge
deposits/receivables
Assets Deferred charged
10305040 Deferred development
costs
Assets Deferred charged
10305050 Deferred losses from
disposition of utility
plant
Assets Deferred charged
10305060 Un-amortized loss on
required debt
Assets Deferred charged
10305070 Preliminary survey and
investigation charges
Assets Deferred charged
10306010 Research and
development costs
Assets Deferred charged
10305050 Derivative instrument
asset
Assets Deferred charged
10305060 Deferred tax asset Assets Deferred charged
10305070 Miscellaneous deferred
debits
Assets Deferred charged
10306010 Loans to staff Assets Loans and receivables
10305050 Prepayments Assets Prepayment and other
current assets
10203020 Derivative instrument
asset
Assets Derivative financial asset
18

receivables
10305050 Prepayments Assets Prepayment and other
current assets
10203020 Derivative instrument
asset
Assets Derivative financial asset
18

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
Heading 1 Heading 2
10404010 Derivative instrument
asset hedges
Assets Derivative financial asset
SECOND SCHEDULE (r. 5(1)c)
CHART OF ACCOUNTS
Heading 1 Heading 2
10101010 Leasehold land Assets Land and buildings
10101020 Freehold Land Assets Land and buildings
10101030 Land Rights Assets Land and buildings
10101040 Buildings and fixtures
Leased
Assets Land and buildings
10101050 Buildings and fixtures
owned
Assets Land and buildings
10101060 Leasehold improvements Assets Land and buildings
10101070 Reservoirs, waterways,
dams
Assets Machinery and
equipment
10101080 Waterwheels, turbines
and generators
Assets Machinery and
equipment
10101090 Roads, Railroads and
bridges
Assets Machinery and
equipment
101010100 Accessory electric
equipment
Assets Machinery and
equipment
101010110 Boiler plant equipment Assets Machinery and
equipment
101010120 Engine and engine
driven generator
Assets Machinery and
equipment
19

uipment
101010110 Boiler plant equipment Assets Machinery and
equipment
101010120 Engine and engine
driven generator
Assets Machinery and
equipment
19

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
Heading 1 Heading 2
101010130 Turbo generator units Assets Machinery and
equipment
101010140 Reactor plant equipment Assets Machinery and
equipment
101010150 Fuel holders, producers
and accessories
Assets Machinery and
equipment
101010160 Prime movers Assets Machinery and
equipment
101010170 Generators Assets Machinery and
equipment
101010180 Measurement and
testing equipment
Assets Machinery and
equipment
101010190 Electric plant purchase Assets Machinery and
equipment
101010200 Other installation on
customers premises
Assets Machinery and
equipment
101010210 Load management
controls-utility premises
Assets Machinery and
equipment
101010220 Transport equipment Assets Machinery and
equipment
101010230 Other utility plant Assets Machinery and
equipment
10102140 Experimental electric
plant unclassified
Assets Machinery and
equipment
10102150 Electric plant in
the process of
reclassification
Assets Machinery and
equipment
10102160 Electric plant held for
future use
Assets Machinery and
equipment
20

plant in
the process of
reclassification
Assets Machinery and
equipment
10102160 Electric plant held for
future use
Assets Machinery and
equipment
20

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
Heading 1 Heading 2
10102170 Electric plant and
equipment leased to
others
Assets Machinery and
equipment
10102180 Completed construction
not classified-electric
Assets Machinery and
equipment
10102190 Construction work in
progress
Assets Machinery and
equipment
10102200 Renovation work in
progress
Assets Machinery and
equipment
10102210 Non-utility property
owned or under lease
Assets Machinery and
equipment
10102220 Rural electrification
projects
Assets Machinery and
equipment
10102230 Electric plant acquisition
adjustments
Assets Machinery and
equipment
10102240 Other electric plant
adjustments
Assets Machinery and
equipment
10102250 Other utility plant Assets Machinery and
equipment
10102260 Transformer Station
Equipment – Normally
Primary bove 50Kv
Assets Machinery and
equipment
10102270 Distribution Station
Equipment- Normally
Primary helm/50 Kv
Assets Machinery and
equipment
10102280 Storage battery
equipment
Assets Machinery and
equipment
10102290 Poles, lowers and
fixtures
Assets Machinery and
equipment
10102300 Overhead conductors
and devices
Assets Machinery and
equipment
21

quipment
10102290 Poles, lowers and
fixtures
Assets Machinery and
equipment
10102300 Overhead conductors
and devices
Assets Machinery and
equipment
21

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
Heading 1 Heading 2
10102310 Underground conduit Assets Machinery and
equipment
10102320 Underground conductors
and devices
Assets Machinery and
equipment
10102330 Linc transformers Assets Machinery and
equipment
10102340 Services Assets Machinery and
equipment
10102350 Meters Assets Machinery and
equipment
10102360 Leased property on
customer's premises
Assets Machinery and
equipment
10108090 Accumulated
depreciation on water
wheels, turbines and
generators
Assets Accumulated
depreciation
10108100 Accumulated
depreciation on roads.
railroads and bridges
Assets Accumulated
depreciation
10108110 Accumulated
depreciation on
accessory electric
equipment
Assets Accumulated
depreciation
10108120 Accumulated
depreciation on boiler
plant equipment
Assets Accumulated
depreciation
10108130 Accumulated
depreciation on engine
and engine-driven
generator
Assets Accumulated
depreciation
10108140 Accumulated
depreciation on turbo
generator units
Assets Accumulated
depreciation
22

engine-driven
generator
Assets Accumulated
depreciation
10108140 Accumulated
depreciation on turbo
generator units
Assets Accumulated
depreciation
22

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
Heading 1 Heading 2
10108150 Accumulated
depreciation on reactor
plant equipment
Assets Accumulated
depreciation
10108160 Accumulated
depreciation on li.1el
holders. producers and
accessories
Assets Accumulated
depreciation
10108170 Accumulated
depreciation on prime
movers
Assets Accumulated
depreciation
10108180 Accumulated
depreciation on
generators
Assets Accumulated
depreciation
10108190 Accumulated
depreciation on
measurement and
testing equipment
Assets Accumulated
depreciation
10108200 Accumulated
depreciation on electric
plant
Assets Accumulated
depreciation
10108210 Accumulated
depreciation on
experimental electric
plant unclassified
Assets Accumulated
depreciation
10108220 Accumulated
depreciation on electric
plant in the process of
reclassification
Assets Accumulated
depreciation
10108230 Accumulated
depreciation on
experimental electric
plant held for li.1turc
use
Assets Accumulated
depreciation
10108240 Accumulated
depreciation on electric
plant and equipment
leased to others
Assets Accumulated
depreciation
23

Assets Accumulated
depreciation
10108240 Accumulated
depreciation on electric
plant and equipment
leased to others
Assets Accumulated
depreciation
23

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
Heading 1 Heading 2
10108250 Accumulated
depreciation on
implemented
construction not
classified
Assets Accumulated
depreciation
10108290 Accumulated
depreciation on motor
vehicles-general
Assets Accumulated
depreciation
10108300 Accumulated
depreciation on motor
vehicles-network
operations
Assets Accumulated
depreciation
10108310 Accumulated
depreciation on
specialized trucks
Assets Accumulated
depreciation
10108320 Accumulated
depreciation on goodwill
Assets Accumulated
depreciation
10108330 Accumulated
depreciation on
franchises and consents
Assets Accumulated
depreciation
10108340 Accumulated
depreciation on
computer software
Assets Accumulated
depreciation
10108350 Accumulated
depreciation on
miscellaneous intangible
plant
Assets Accumulated
depreciation
10108360 Accumulated
depreciation on office
furniture and equipment
Assets Accumulated
depreciation
10108370 Accumulated
depreciation on
computer equipment-
hardware
Assets
24

eciation on office
furniture and equipment
Assets Accumulated
depreciation
10108370 Accumulated
depreciation on
computer equipment-
hardware
Assets
24

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
Heading 1 Heading 2
10108380 Accumulated
depreciation on stores
equipment
Assets Accumulated
depreciation
10108390 Accumulated
depreciation on fire and
safety system
Assets Accumulated
depreciation
10201020 Investment in associated
companies
Assets Group companies
(intercompany
investments)
10201030 Investment in subsidiary
company
Assets Group companies
(intercompany
investments)
10202010 Term finance certificate Assets Investments and
financial instruments
10202020 Deposit certificates Assets Investments and
financial instruments
10202030 Sinking fund Assets Investments and
financial instruments
10202040 Other special or
collateral funds
Assets Investments and
financial instruments
10202050 Long term security
deposits
Assets Investments and
financial instruments
10202060 Long term repayments Assets Investments and
financial instruments
10202070 Other long term
receivables
Assets Investments and
financial instruments
10305010 Unrecovered plant and
regulatory study costs
Assets Deferred charged
10305020 Preliminary survey and
investigation charges
Assets Deferred charged
25

Unrecovered plant and
regulatory study costs
Assets Deferred charged
10305020 Preliminary survey and
investigation charges
Assets Deferred charged
25

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
Heading 1 Heading 2
10305030 Development charge
deposits/receivables
Assets Deferred charged
10305040 Deferred development
costs
Assets Deferred charged
10305050 Deferred losses from
disposition of utility
plant
Assets Deferred charged
10305060 Un-amortized loss on
required debt
Assets Deferred charged
10305070 Preliminary survey and
investigation charges
Assets Deferred charged
10306010 Research and
development costs
Assets Deferred charged
10305050 Derivative instrument
asset
Assets Deferred charged
10305060 Deferred tax asset Assets Deferred charged
10305070 Miscellaneous deferred
debits
Assets Deferred charged
10306010 Loans to staff Assets Loans and receivables
10305050 Prepayments Assets Prepayment and other
current assets
10203020 Derivative instrument
asset
Assets Derivative financial asset
10404010 Derivative instrument
asset hedges
Assets Derivative financial asset
26

0203020 Derivative instrument
asset
Assets Derivative financial asset
10404010 Derivative instrument
asset hedges
Assets Derivative financial asset
26

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
THIRD SCHEDULE [(r.5(3)a, r.8(b)iii, r.8(c)v and r.8(c)vi)]
FORM OF GENERATION SUMMARY STATEMENTS
GenerationSummary
Statements
Heading 2
Name of
installation
1
Name of
installation
2
Name of
installation
3
Name of
installation
4
Name of
installation
5
Name of
installation
6
Name of
installation
7
Type
(Geothermal,
hydro,
diesel,
etc.)
Capacity
(MW
electricity)
Availability
(hours)
Output for
the year
(GWh)
Sales of
electricity
Electricity
for own
use
Sales of
heat
Heat for
own use
27

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
GenerationSummary
Statements
Heading 2
Ksh
thousands
or Ksh
millions
Revenues
from
sales of
electricity
Under
PPA with
single
buyer
Under FiT
Other
Revenues
from sales
of heat
Other
revenues
Total
revenues
Fuel costs
Water
and other
consumables
Salary,
wages
and other
people
costs
28

der FiT
Other
Revenues
from sales
of heat
Other
revenues
Total
revenues
Fuel costs
Water
and other
consumables
Salary,
wages
and other
people
costs
28

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
GenerationSummary
Statements
Heading 2
Other
operating
expenditure
Depreciation
Net
income/
(costs)
Tangible
fixed
assets,
including
software
licences
Tangible
fixed
assets at
the start
of the year
Additions
Grants
and other
contributions
Disposals
Depreciation
Tangible
fixed
assets at
the end of
the year
29

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
FOURTH SCHEDULE [(r. 8(b)i and r.8(c)i)]
FORMAT FOR REGULATORY FINANCIAL PERFORMANCE STATEMENT
Regulatory
financial
performance
System
operation
Single
buyer
Electricity
generation
Electricity
transmission
Electricity
distribution
Electricity
retail
corporate
activities
Consolidation
adjustments
Total
Operatingincome
Tariff charges
Power procured by
single buyer
Power purchased
other than by single
buyer
Generation fuel
costs
Operating
expenditure
Depreciation and
related items
Operating profits
Finance income
Finance costs
Profit before tax
Income tax expense
Profit for the year
30

expenditure
Depreciation and
related items
Operating profits
Finance income
Finance costs
Profit before tax
Income tax expense
Profit for the year
30

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
FIFTH SCHEDULE [(r.8(b)iv)]
FORMAT FOR ANALYSIS OF THE REGULATORY ASSET BASE
Regulatory
Asset Base
SystemoperationSingle buyer Electricity
generation
ElectricitytransmissionElectricity
distribution
Electricity
retail
Corporate
activities
Consolidation
adjustments
Total
KSh. thousands or
KSh. millions
Movements in the
Regulatory Asset
Base
Regulatory Asset
Base at the start
of the year
Additions
Customer
contributions
(connection
charges etc.)
Government and
other grants
Internal transfers
Proceeds of
disposals, or fair
value if higher
Regulatory
depreciation for
the year
Balance at the end
of the year
31

other grants
Internal transfers
Proceeds of
disposals, or fair
value if higher
Regulatory
depreciation for
the year
Balance at the end
of the year
31

The Energy (Electricity Regulatory Accounts) Regulations, 2022 (Gazette Notice 10556 of 2023) Kenya
SIXTH SCHEDULE [(r.8(d)(vi)(c))]
FORMAT FOR ANALYSIS OF TARIFF CONTROL VARIANCES
Tariff Control Variances
System
operation
Single
buyer
ElectricitygenerationElectricity
transmission
Electricity
distribution
Electricity
retail
Corporate
activities
Total
KSh. thousands or KSh.
millions
Movements in prices
control variances
Cumulative variances at the
start of the year
Variances applied in control
formulae for the year
Net variances brought
forward
Tariff control variances for
the year
Cumulative variances at the
end of the year
32