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0 The Public Utilities Regulatory Commission (PURC) has announced an upward adjustment of electricity and water tariffs.
According to the PURC, the increment takes effect from July 01, 2024, to September 30, 2024.
“…the Commission wishes to announce that, there will be 3.45% increase in electricity tariffs for lifeline consumers (0-30kWh); 5.84% increase for all other residential consumers who are not part of the lifeline category bracket (31 kWh and above) as well as the non-residential category. The industrial category will experience an increase in electricity tariffs of 4.92%.
Water Tariffs will experience an increase of 5.16% for all customer classes for the period under review,” a press release dated May 31 said.
The PURC explained that, “These reviews have been undertaken in line with the Commission’s Quarterly Tariff Review Mechanism, which tracks and incorporates movements in key uncontrollable factors, namely the exchange rate between the US$ and the Ghana Cedi, domestic inflation rate, the electricity generation mix, and the cost of fuel, mainly natural gas.”
It added that, “These reviews are undertaken to maintain the real value of the tariffs, thereby keeping the utility service providers financially viable to enable them deliver on their services to consumers.”
Read full statement here.
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