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| PURC announces increment in electricity and water tariffs. |
The Public Utilities Regulatory Commission (PURC)
has indicated that the rates for electricity and water would be increased.
And this increment will be effective
from July 1, 2024, until September 30, 2024, according to the PURC.
“…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.”
A copy of the full statement below:
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Source: HR Forum News
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