Home / GENERAL NEWS / PURC Announces 27.15% Hike In Electricity Tariff, 21.55% For water, Effective September 1

PURC Announces 27.15% Hike In Electricity Tariff, 21.55% For water, Effective September 1

Spread the love

The Public Utilities Regulatory Commission (PURC) has announced a 27.15% increase in tariff for electricity and 21.55% increase in water tariff effective September 1, 2022.

This comes after utility companies including the Electricity Company of Ghana and Ghana Water Company Limited proposed an increase in tariffs by 148% and 334% respectively.

PURC however explains that the decision was arrived at after rigorous analysis and extensive consultations with industry players, as well as an assessment of the economic conditions of consumers.

Addressing journalists in Accra on Monday, August 15, 2022, the Chairman of the PURC, Mr. Ebo Quagraine called on the public to support the utility companies to recoup revenues by reporting illegal connections.

The ECG had proposed that its tariffs be increased by 148% for 2022 and with 7.6% average adjustments between the periods of 2023 to 2026.

The proposed sharp increase, according to the ECG was due to the gap between the actual cost recovery tariff and PURC-approved tariffs as well as the cost of completed projects.

The GWCL also argued that while the average tariff per cubic metre in 2019 was 1.27 USD, the same was reduced to USD 1.13 as a result of cedi depreciation.

The GWCL said this had affected its ability to carry out repairs and replacements of aged and obsolete equipment and pipelines.

 

 

 

 

 

 

Master Of Ceremony (M.C) available for all your events.

 

 

 

 

 

 

 

 

 

 

Source: Citinewsroom

 

 

 

 

Disclaimer: MyGhanaMedia is not responsible for this report and its content. There are four types of content published on MyGhanaMedia daily: curated content; syndicated content; user-generated content; and original content.
 
Thanks for reading from MyGhanaMedia.com as a news publishing website from Ghana.
 
 

Image


Send your news stories to myghanamedia@gmail.com and Chat with us via WhatsApp on +233 200818719

 

About Adwenpa-Hene

we publish on Entertainment, Sports, Politics, Lifestyle, and Technology. You can also follow Us on : YouTube Channel - My Ghana Media TV, Facebook - MyghanaMedia TV , Twitter - @MyGhanamedia2 & Instagram - My Ghana Media TV. Email Address: myghanamedia@gmail.com Contact Us: 0200818719

Check Also

South Africa’s Ex-President Zuma Barred From Running In The General Election

Spread the love South Africa’s former President Jacob Zuma has been barred from running in …