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Water and Electricity tariffs increased

Local News

10 days ago
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The Public Utilities Regulatory Commission wishes to inform consumers of Electricity and Water that, there has been a review of the existing tariffs, to take effect from July 01, 2024, to September 30, 2024.

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.

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.

The Commission, in undertaking this review also considered the competitiveness of industries and the general living conditions of the Ghanaian. Having considered all the underlying factors, 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.

The Commission is grateful to all stakeholders for their support as it continues to implement these Quarterly Tariff Reviews to address the ever-changing needs of the Utility Service Providers to enable them undertake their efficient operations, while holding them to strict adherence to the Commission's regulatory standards and benchmarks. This is done through the continuous monitoring of the operations of the Utility Service Providers to ensure value for money and quality of service delivery.

This was contained in a statement signed by  Dr. Ishmael Ackah, Executive Secretary of the Public Utilities Regulatory Commission. 
 

source: Theannouncergh.com