The Public Utilities Regulatory Commission (PURC) has approved an 11.17% tariff increase for electricity from July 1 this year.
This means, power consumers are going to experience 11.17% increase in the electricity bills they receive from July.
A statement issued by the PURC on Friday, 21 June 2019 signed by the Executive Secretary, Mrs Mami Dufie Ofori sighted by Rite FM, said: “In taking the above decision, the Commission has received and considered tariff proposals from stakeholders including the Volta River Authority (VRA), Ghana Grid Company Limited (GRIDCo), Electricity Company of Ghana (ECG), Power Distribution Service Ghana Limited (PDS), Northern Electricity Distribution Company (NEDCo) and Enclave Power Company Limited.
“In line with the Commission’s regulatory oversight mandate, extensive technical and financial analyses of the proposals were undertaken. The key objective of the tariff review was to sustain the financial viability of utility service providers as well as ensuring delivery of quality service to consumers,” the PURC said.
The Commission further said, as a major policy shift aimed at enhancing the competitiveness of Ghanaian industries, it has eliminated the Maximum Demand Charge on industrial customers (Special Load Tariff-SLT Customers). It is expected that this policy will result in some 5LT customers experiencing savings in their overall electricity bills.
“This 2019-2020 Major Tariff Review Decision is the outcome of prudent cost review and effective monitoring undertaken by the Commission. Details of the approved electricity tariffs and the rationale for the decision will be published on the Commission’s website,” the statement announced.
The Commission has also received a tariff proposal from the Ghana Water Company Limited (GWCL) but is yet to announce its decision.
Source: ritefmonline.org
