Ghanaians To Face More Hardship As PURC Announce New Tariffs; 27% For Electricity And 21.6% For Water
The Public Utility Regulatory Commission (PURC) has announced new tariffs for water and electricity for the period covering 2022 to 2023. Beginning September 1, 2022, end-user electricity tariff will go up by 27.15 per cent while water will also be increased by 21.55 per cent.
With effect from February 1, PURC raises the prices for energy and water.
The Public Utilities and Regulatory Commission raised the prices for water and electricity by 8.3% and 29.96%, respectively. Beginning on February 1, 2023, the revised rates will be in effect. This comes after the completion of its review system for the utility tariffs' quarterly modification for the first quarter of 2023.
30% Increase in Water and Electricity Tariffs - PURC Announces
The Public Utilities and Regulatory Commission announces 8.3% and 29.96% hikes in water and electricity tariffs respectively, set to take effect on February 1, 2023, following the completion of the regulatory process for the utilities' quarterly adjustment for Q1 2023. The Public Utilities and Regulatory Commission has announced new tariffs in compliance with the Quarterly Tariff Review Mechanism and Guidelines outlined in the major tariff review decision from August 2022.
Latest Update On The Reduced Gross Subsidy
Dr. Ishmael Ackah, who is the Executive Secretary of the Public Utilities Regulatory Commission of Ghana indicated that the gross subsidy that the residential consumers enjoyed as the result of businesses has been reduced to make sure that businesses can stay and expand in the country. According to the report, he indicated that the gross subsidy has been reduced by 30 percent in other to eliminate the gap between residential and non-residential tariffs.
New Tariffs Announcement Postponed
The Public Utilities Regulatory Commission (PURC) has has postponed the scheduled new tariff announcement for the 2022 to 2027 Multi-Year Major Tariff. The PURC, earlier noted that the commission was going to announce Tariffs on the 15th of July 2022. However, the commission has indicated that they have observed some key issues with new tariff proposals from the various outlets that must be resolved before giving way for any new tariff announcement.
PURC defers tariff announcement.
The Public Utilities Regulatory Commission (PURC) has conceded its levy declaration for 2022 to 2027 Multi-Year Major Tariff. In a proclamation given by the Commission on June 27, 2022, the Commission showed that the conveyed date for the duty declaration has been conceded to July 15, 2022.