Electricity tariffs are expected to go up by the end of the year as the energy situation improves.
Mr. Kwame Pianim, the chairman of the Public Utility Regulatory Commission (PURC), has disclosed that government would remove subsidies on electricity by the end of the year to make way for the entry of the private sector in power generation.
Mr. Pianim was speaking to Joy News on Tuesday.
He said even though he is not very sure of the extent of increase, he thinks the difference would be an upward adjustment of about 20%.
He told Joy News that last year when government wanted to adjust the price upwards the cost was shifted to industry, but this time round to achieve full cost recovery for the electricity sector, the cost would be passed on to the consumer.
Meanwhile, the operation of emergency plants at Tema is expected to boost the energy supply needs of the country and hopefully end the black outs.
It has been exactly one year today, August 28, when the Volta River Authority (VRA), announced the nationwide power outages.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Dr Nduom hopeful defunct GN bank will be restored under Mahama administration
24 minutes -
Bridget Bonnie celebrates NDC Victory, champions hope for women and youth
32 minutes -
Shamima Muslim urges youth to lead Ghana’s renewal at 18Plus4NDC anniversary
2 hours -
Akufo-Addo condemns post-election violence, blames NDC
2 hours -
DAMC, Free Food Company, to distribute 10,000 packs of food to street kids
3 hours -
Kwame Boafo Akuffo: Court ruling on re-collation flawed
3 hours -
Samuel Yaw Adusei: The strategist behind NDC’s electoral security in Ashanti region
3 hours -
I’m confident posterity will judge my performance well – Akufo-Addo
4 hours -
Syria’s minorities seek security as country charts new future
4 hours -
Prof. Nana Aba Appiah Amfo re-appointed as Vice-Chancellor of the University of Ghana
4 hours -
German police probe market attack security and warnings
4 hours -
Grief and anger in Magdeburg after Christmas market attack
4 hours -
Baltasar Coin becomes first Ghanaian meme coin to hit DEX Screener at $100K market cap
5 hours -
EC blames re-collation of disputed results on widespread lawlessness by party supporters
5 hours -
Top 20 Ghanaian songs released in 2024
6 hours