Business & Finance

New Utility Tariffs Take Effect Today

The reviewed utility tariffs of the Public Utilities Regulatory Commission (PURC) will take effect from today, September 1, 2022.

Electricity tariff will witness a 27.15% increase while water will witness a 21.55% increase in tariff.

The new tariffs will cover the period from 2022 to 2025.

The last review of the tariff was done in 2018 which resulted in a 17.5% reduction for residential and 30% for non-residential electricity tariffs.

The tariffs were reviewed after the PURC received receipts of proposals from the following Utility Service Providers: Volta River Authority (VRA), Ghana National Gas Company (GNGC), Ghana Grid Company Limited (GRIDCo), Electricity Company of Ghana (ECG), Northern Electricity Distribution Company (NEDCo), Enclave Power Company (EPC) and Ghana Water Company Limited (GWCL).

“The Commission took cognisance of the cost of electricity, increased volume/cost of chemicals for raw water treatment, the Ghana Cedi/US Dollar exchange rate, inflation, infrastructure upgrade/expansion and, operation and maintenance of service delivery as well as financial viability of GWCL”, the PURC said in a statement announcing the new tariffs.

Source: Fuseini

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