The Public Utilities Regulatory Commission (PURC) has recently declared a reduction in electricity tariffs effective from December 1, 2023, to February 29, 2024 and Water adjusted upwards
This adjustment adheres to the Commission’s Quarterly Tariff Review Mechanism, which relies on crucial factors including the exchange rate dynamics between the US dollar and the Ghana Cedi, domestic inflation rates, the composition of electricity generation sources, and the expenses associated with natural gas, a primary fuel source.
STATEMENT: Public Utilities Regulatory Commission (PURC) Electricity and water adjustments
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During this specified period, electricity tariffs are set to experience a downward shift of 1.52%. Conversely, water tariffs will witness an increment. The revision in water tariffs reflects an increase of 0.34%, determined using the same set of key indicators applied to electricity tariffs.
PURC justifies these tariff modifications by emphasizing their commitment to sustaining the authentic value of tariffs.
This approach is pivotal to ensuring that utility service providers remain financially stable, enabling them to effectively fulfill their service obligations to consumers.
The regulatory commission underscores the quarterly nature of these adjustments, affirming their dedication to preserving the financial viability of service providers in the utilities sector.
