By: Franklin ASARE-DONKOH
Management of the Ghana Grid Company (GRIDCo) says it is seeking approval from Ghana’s utility regulatory body, the Public Utilities Regulatory Commission (PURC), to increase its transmission tariff by 130% points.
According to the Acting Director of Corporate Strategy at GRIDCo, Mr. Samuel Kow Acquah, his outfit has, by law, applied to the Commission for approval to increase its transmission service tariff, from the current 5.6422 pesewas per kilowatt-hour to 12.9768 pesewas per kilowatt-hour in 2025.
The request represents a 130 percent increase compared to the Quarter 1 (Q1) 2025 rate.
In its proposal, GRIDCo argued that the existing tariff is inadequate and stressed the need for a cost-reflective rate to support its operations.
For the 2026–2030 review period, the utility company is projecting tariffs to range between 13.04 pesewas and 13.44 pesewas per kilowatt-hour, excluding statutory levies.
The Acting Director of Corporate Strategy at GRIDCo, in justifying the sharp increase, which is more than twice the current rate in the first year, said subsequent adjustments would be modest.
“We’ve looked at a lot of cost rationalization measures so that we don’t pass on some costs to the consumers. If you look at the first year, we require that much leap in our tariff to GHS12.96 per kilowatt hour… After the first year, an increment of 0.5% will be okay to sustain our operations.
If we can do that, we can give you back 0.5%. So there can’t be a reduction of 0.5 in 2027, and for the other years, 2028 through to 2030, we are doing 0.1% and 2.5% in 2030.
So it is very critical that we have what we are asking for so that all these investments that we enumerated, we can serialise their deployment within the years we have stipulated,” Mr. Kow Acquah explained.
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