The Public Utilities Regulatory Commission (PURC) has announced new utility tariffs for consumers of electricity and water, effective December 1, 2023.
The new tariffs, which are for three months, from December 1, 2023, to February 29, 2024, will see electricity reduced by 1.52 percent across the board for all customers, while water increases by 0.34 percent.
The adjustments are being carried out in line with the commission’s quarterly tariff review mechanism, which tracks and incorporates movement in key uncontrollable factors.
The factors are the exchange rate between the US dollar and the Ghana cedi, the domestic inflation rate, the electricity generation mix, and the cost of fuel, mainly natural gas.
A statement dated Thursday, 23, 2023, signed and issued by the Executive Secretary of the PURC, Dr. Ishmael Ackah, stated that the adjustments to the existing electricity and water tariffs were undertaken every quarter to maintain the real value of the tariffs, thereby keeping the utility service providers financially viable to enable them to deliver on their services to consumers.
He said in addition, the commission considered the competitiveness of industries and the general living conditions of Ghanaians.”
“The Commission said it was grateful to all stakeholders for their support as it continues to implement Quarterly Tariff Reviews per its Rate Setting Guidelines to address changes in operational conditions while holding the Utility Service Providers to strict adherence to its regulatory standards and benchmarks by continually monitoring operations of the Utility Service Providers to ensure value for money and quality of service delivery.