The Public Utilities Regulatory Commission (PURC) has announced tariff increases effective September 1, 2022.
Tariffs for electricity and water are expected to go up by 27.15% and 21.55% respectively.
This was contained in a press release issued by the Commission today and sighted by MyJoyOnline.com.
The PURC in the said release acknowledged the economic difficulties faced by consumers but said without these tariff increases, the utility providers may not meet their mandate.
“In balancing interests of the service providers and consumers, the PURC acknowledged that the very economic variables that have occasioned the steep increases proposed by the service providers also affect the consumers.
The Commission, however, admitted that some level of increases in utility tariffs were inevitable if the nation was to avoid another power crisis and its attendant effects including job losses.
PURC, therefore, decided to increase the average end-user tariff for electricity by 27.15% and water by 21.55%, effectively September 1.”
The ECG had earlier demanded 148% increase in tariff.
The proposal from the power distributor, submitted to the PURC requested the increment to cover the period 2019 and 2022.
It also proposed an average increase of 7.6% in tariff over the next four years to cover Distribution Service Charges (DSC).
On the other hand, the Ghana Water Company Limited also demanded 334% increase in tariff.
The GWCL insisted that approved tariffs over the years have not been fully cost-reflective.
But consumers of water and electricity disagreed. They argued that proposals for utility tariffs are too high.
According to the consumers, they do not agree that the increase in utility tariff is commensurate with the services rendered.
Latest Stories
-
NDC gov’t will struggle to fund social intervention programmes – Afenyo-Markin
4 minutes -
Man arrested for vandalising property at Parliament
5 minutes -
NDC’s internal struggle over who succeeds Mahama in 2028 has started – Afenyo-Markin claims
10 minutes -
NDC’s mischievous campaign and propaganda will soon expose them – Afenyo-Markin
32 minutes -
African banks to remain exposed to domestic, global operating environments risks – Fitch
34 minutes -
Premier League: Wolves agree deal for Pereira to become new boss
36 minutes -
Fitch expects outlook for sub-Saharan African sovereigns to be neutral in 2025
37 minutes -
NDC’s Joseph Yamin allegedly leads mob to seize bullion bars at PMMC Assay Centre
43 minutes -
Ghana’s external position moderately stronger -IMF
54 minutes -
Many NDC MPs will become redundant in the new parliament – Afenyo-Markin
58 minutes -
Maintain a tight monetary policy stance – IMF to BoG
1 hour -
Ghana needs to ‘review’ Olympic preparations of its athletes – Patrick Boamah
1 hour -
Charles Kumi wins 2024 Man Ghana Bodybuilding contest
1 hour -
David Ocloo resigns as assistant coach of Asante Kotoko
2 hours -
Josh Acheampong to sign new at Chelsea until 2029
2 hours