The Public Utilities and Regulatory Fee has elevated electrical energy and water tariffs by 29.96% and eight.3% respectively.
The brand new charges take impact from February 1, 2023.
This follows the conclusion of its regulatory course of for the quarterly adjustment of utility tariffs overlaying the primary quarter of 2023. The Fee stated the method is in conformity with the Quarterly Tariff Evaluation Mechanism and Tips as communicated within the Fee’s August, 2022 main tariff evaluation determination.
This was contained in a press launch issued in Accra on Monday.
In line with the assertion signed by the Government Secretary, Dr. Ishmael Ackah, the PURC authorized the brand new tariffs very aware of the present financial circumstances.
It famous nevertheless, that the potential for a return to the times of erratic energy provide was additionally given due consideration as it might be “catastrophic for Ghana”.
“The Fee subsequently determined to extend the common end-user tariff for electrical energy by 29.96% throughout the board for all client teams. The typical end-user tarrif for water has additionally been elevated by 8.3%. The Fee nevertheless authorized various charges of changes together with some reductions for chosen industrial and business customers as a part of the continued restructuring of the prevailing water fee construction,” the press launch defined.
The PURC additional acknowledged that, “The Quarterly Tariff Evaluation Mechanism seeks to trace and incorporate modifications in key components utilized in figuring out pure fuel, electrical energy, and water tariffs. The target is to take care of the actual worth of price of provide of those utility providers and be certain that utility corporations don’t under- or over-recover.
Underneath-recovery has damaging implications for the flexibility of the businesses to provide service to customers, and has the potential of inflicting outages of electrical energy (DUMSOR) and water provide. Over-recovery unnecessarily overburdens customers of electrical energy and water. The Quarterly Tariff Evaluation Mechanism is supposed to make sure that none of those occurs.”
“The PURC is grateful to all stakeholders for his or her help because it continues to implement quarterly tariff opinions in accordance with its Fee Setting Tips for Quarterly Evaluation of Pure Gasoline, Electrical energy and Water tariffs. In doing so, the Fee will proceed to equitably steadiness the pursuits of the utility service and customers and maintain service suppliers to strict adherence to regulatory requirements and benchmarks,” the PURC assured.
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