The Public Utilities Regulatory Commission (PURC) has announced an upward adjustment in the existing tariffs for electricity and water consumers.
According to the regulatory commission, there is a 5.94% increment on electricity tariffs and a 2.22% on water tariffs.
The increment is expected to take effect tomorrow, October 1, 2019.
Explaining the justifications for the increment, the PURC in a press release stated that the automatic adjustment formula was used in determining the real cost of electricity and water on a quarterly basis.
“Following a review of Electricity and Water Tariffs for the fourth Quarter 2019 which is from October – December 2019, the PURC wishes to announce for the information of consumers of electricity and water that there has been an upward adjustment in the existing tariffs.â€
“The increase is 5.94% on electricity tariffs and 2.22% on water tariffs across the board for all customer categories effective October 01, 2019.â€
The press release signed by the executive secretary of the PURC, Mrs. Mami Dufie Ofori explained that factors such as the Ghana cedi-US dollar exchange rate, inflation, demand forecast, and electricity cost accounted for the increment.
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The rest of the factors are the prices of crude oil and Natural Gas, fuel mix, generation mix, and the power purchase cost.
“The Automatic Adjustment Formula (AAF) is a Tariff Mechanism that seeks to track and incorporate movement in key determining factors to reflect the real cost of electricity and water quarterlyâ€
The PURC further assured consumers of the commission’s commitment to embark on an effective tariff monitoring programme to ensure an improved quality of service.
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“The commission, however, wishes to reiterate its commitment to embark on an effective Tariff monitoring programme aimed at providing the end-user improved quality of service.â€
