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With effect from December 1, 2023, the Public Utilities Regulatory Commission (PURC) has announced new utility rates for water and electricity users.
Under the revised tariffs, which will be in effect for three months, from December 1, 2023 to February 29, 2024, all consumers will experience a 1.52 percent reduction in energy rates and a 0.34 percent increase in water rates.
The commission’s quarterly tariff review procedure, which monitors and takes into account changes in significant uncontrolled elements, is being followed in carrying out the revisions.
The considerations are the price of fuel, mostly natural gas, the mix of electricity generation, the rate of domestic inflation, and the exchange rate between the US dollar and the Ghana cedi.
In a statement dated Thursday, 23 2023, signed by Dr. Ishmael Ackah, the Executive Secretary of the PURC, it was said that quarterly adjustments to the current water and electricity tariffs were made to maintain the tariffs’ true value and keep utility service providers financially viable so they could continue to provide their services to customers.
He added that the commission also took into account Ghanaians’ overall standard of living and the competitiveness of various industries.
“After robust analysis, the commission wishes to announce a reduction of 1.52 per cent (-1.52%) in the electricity tariff.
“Water tariffs have increased by 0.34 per cent for the fourth quarter of 2023,” he said.
He clarified that, for the fourth quarter of 2023, all electricity rates have been lowered by 1.52 percent.
The results of the four components’ assessments and how they affected the amount that customers had to pay for power during the time period under consideration.
Read the statement below:
Source: Ghanatodayonline.com
