The Public Utilities Regulatory Commission, (PURC), has announced an upward adjustment in electricity and water tariffs.
According to PURC, there is a 5.94% increment on electricity tariffs and a 2.22% on water tariffs for consumers.
The increment is expected to take effective Tuesday, October 1, 2019.
These were in a statement signed by the Executive Secretary of PURC, Mrs. Mami Dufie Ofori in Accra.
Explaining the justifications for the increment, the PURC in the statement said the automatic adjustment formula was used in determining the real cost of electricity and water on 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.”
“The increase is 5.94% on electricity tariffs and 2.22% on water tariffs across board for all customer categories effective October 01, 2019.”
The statement further explained that factors such; Ghana Cedi-US Dollar Rate, Inflation, Price of Crude Oil and Natural Gas, Fuel Mix (Crude Oil, Natural Gas and Distillate Fuel), Generation Mix (Hydro and Thermal), Power Purchase Cost, Demand Forcast, Electricity Cost (A major cost component in water production) all accounted for the increment.
“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 quarterly”
The PURC further assured consumers of the commission’s commitment to embark on an effective tariff monitoring program to ensure an improved quality of service.
Attached below is the statement: