Electricity tariffs down by 1.52%, water up by 0.34% for Dec, Jan, Feb

Electricity - Rapid News GH

The Public Utilities Regulatory Commission (PURC) has announced new utility prices for energy and water customers that will go into effect on December 1, 2023.

Electricity will be decreased by 1.52 percent across the board for all customers under the new tariffs, which will be in effect for three months, from December 1, 2023, to February 29, 2024, while water will be increased by 0.34 percent.

The changes are being implemented in accordance with the commission’s quarterly tariff review procedure, which tracks and includes changes in important uncontrollable elements.

The exchange rate between the US dollar and the Ghana cedi, local inflation rate, energy generation mix, and fuel cost, primarily natural gas, are the determinants.

Quarterly modifications

The Executive Secretary of the PURC, Dr. Ishmael Ackah, stated in a statement dated Thursday, 23rd, 2023, that the adjustments to the existing electricity and water tariffs were undertaken on a quarterly basis to maintain the real value of the tariffs, thereby keeping the utility service providers financially viable to enable them to deliver on their services to consumers.

He further stated that the commission studied the competitiveness of industries as well as the general living standards of Ghanaians.

“Following careful consideration, the commission wishes to announce a 1.52 percent (-1.52%) reduction in the electricity tariff.”

“Water tariffs have increased by 0.34 percent for the fourth quarter of 2023,” he added.

He explained that for the fourth quarter of 2023, all electricity bills have decreased by 1.52%.

The findings of an analysis of the four elements and their impact on consumers’ electricity tariffs during the period under consideration

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