The Public Utilities Regulatory Commission (PURC) on Monday (15 August) announced an increase in electricity and water tariffs by 27.15% and 21.55% respectively, effective 1 September.
Addressing the media in Accra, the Executive director of the PURC Ishmael Ackah said the commission believes the new rate is sensitive to the plight of consumers.
“In balancing the interests of service providers and consumers, the PURC acknowledged that the very economic variables that have occasioned the steep increases proposed by the service providers also affect consumers. The commission admitted, however, that some level of increases in utility tariffs were inevitable if the nation was to avoid another dumsor and its attendant effects including job losses.
“The Commission therefore decided to increase the average end-user tariff for electricity by 27.15% and water by 21.55% effective 1st September, 2022. These rates, in view of the Commission, are sensitive and responsive to the positions of all stakeholders in the utility space in line with sections 3(c) of PURC Act 1997 (Act 538).
“The PURC is grateful to all stakeholders for their participation and inputs into the tariff approval process. The Commission will continue to monitor the operations of the Utility Service Providers to ensure value for money and quality of service delivery,” Ackah said.
Ackah said the PURC will now implement its quarterly tarrif review after the announcement of the new tarrif.
“After this major Tariff Review, the Commission will implement its Quarterly Tariff Review in line with its Rate Setting Guidelines for Quarterly Review of Natural Gas, Electricity and Water Tariffs,” he added.