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
-
EC blames re-collation of disputed results on widespread lawlessness by party supporters
9 minutes -
Top 20 Ghanaian songs released in 2024
30 minutes -
Beating Messi’s Inter Miami to MLS Cup feels amazing – Joseph Paintsil
44 minutes -
NDC administration will reverse all ‘last-minute’ gov’t employee promotions – Asiedu Nketiah
55 minutes -
Kudus sights ‘authority and kingship’ for elephant stool celebration
56 minutes -
We’ll embrace cutting-edge technologies to address emerging healthcare needs – Prof. Antwi-Kusi
1 hour -
Nana Aba Anamoah, Cwesi Oteng special guests for Philip Nai and Friends’ charity event
2 hours -
Environmental protection officers receive training on how to tackle climate change
2 hours -
CLOGSAG vows to resist partisan appointments in Civil, Local Government Service
3 hours -
Peasant Farmers Association welcomes Mahama’s move to rename Agric Ministry
3 hours -
NDC grateful to chiefs, people of Bono Region -Asiedu Nketia
3 hours -
Ban on smoking in public: FDA engages food service establishments on compliance
3 hours -
Mahama’s administration to consider opening Ghana’s Mission in Budapest
3 hours -
GEPA commits to building robust systems that empower MSMEs
3 hours -
Twifo Atti-Morkwa poultry farmers in distress due to high cost of feed
3 hours