Electricity and Water Tariffs Go Up Effective Tomorrow
The Public Utilities Regulatory Commission (PURC) has announced an upward adjustment in both electricity and water tariffs effective October 1, 2024.
The quarterly review by the commission necessitated a 3.02% increment in electricity tariffs and a 1.86% increment in water tariffs for the Third Quarter of 2024, it announced in a statement.
This increment affects all categories of customers, the PURC noted.
It explained, “The Commission, having reviewed and analysed its findings from the data on the macroeconomic and market-driven variables approve a 3.02% increment in electricity tariffs, largely driven by exchange rate effect on electricity generation cost, and a 1.86% increment in water tariffs across board.”
“This is also on account of the fact that the approved increment in both electricity and water tariffs is expected to translate into increased revenue requirements and collections for ECG, NEDCo, and GWL, with the following projected monthly revenues for the third quarter; GHS 2,024.5 million for ECG, GHS 243.20 million for NEDCo, and GHS 227.40 million for GWL.”
The PURC on that note urged the Electricity Company of Ghana (ECG), Ghana Water Limited (GWL) and Northern Electricity Distribution Company (NEDCo) to adhere to the benchmark of 98% for revenue collection in order to pay what is due all stakeholders in the value chain.
It indicated that this will ensure the sustainability of both the energy and water sectors.
Source: opemsuo.com/Hajara Fuseini
