The Africa Centre for Energy Policy, ACEP, has described as encouraging, the new tariff adjustment announced by the Public Utility Regulatory Commission.
Executive Director for ACEP, Benjamin Boakye said the 11.17 percent announced by the PURC is something that industries can absorb.
He applauded the PURC for responding to calls for an early release of the new tariff, to enable businesses to plan towards the effective way of implementation.
The Public Utilities Regulatory Commission, PURC approved an 11.7 percent tariff increase which takes effect from the first of next month. This is for the recovery of total electricity revenue requirement for the regulated electricity market.
A statement issued by the Commission indicates that the key objective of the tariff review is to sustain the financial viability of utility service providers as well as ensure delivery of quality service to consumers.
