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The Public Utilities Regulatory Commission authorized a tariff increase for residential usage this morning, increasing the cost of water by 5.1 percent and electricity by 5.8 percent.
PURC said on May 31 that lifeline customers’ bills will increase by 3.45%.
On the other hand, the industrial group “will see a 4.92% increase in electricity tariffs.”
The reviews were conducted in accordance with the Commission’s Quarterly Tariff Review Mechanism, which tracks and takes into account changes in important uncontrollable factors, such as the exchange rate between the US dollar and the Ghana cedi, the rate of domestic inflation, the mix of electricity generation, and the cost of fuel, primarily natural gas. This was stated in a statement signed by the Executive Secretary of the PURC, Ishmael Ackah.
In arriving at this evaluation, the Commission claims to have taken into account the general living standards of Ghanaians as well as the competitiveness of various industries.
“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 PURC stated.
Businesses and manufacturers have warned that they will have no other option but to pass on any increase in utility tariffs to consumers.
The caution comes after the Public Unity Regulatory Commission (PURC), announced an increase in Water and Electricity Tariffs by more than 5 percent.
Read the statement issued by the PURC below:
Source: Ghanatodayonline.com
