PURC announces increment in electricity and water tariffs.

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:

Also Read: 2024 TGMA: Stonebwoy wins Artiste of the year award.

Source: HR Forum News