The Public Utilities Regulatory Commission (PURC) has assured the general public of its readiness to provide quality service to customers as tariffs have been increased to 18.36% for the second quarter of 2023.
The new water tariffs take effect from June 1.
A new statement released by the management of PURC explained that the commission took cognizance of the cost of electricity, increased volume cost of chemicals for raw water treatment, the Ghana Cedi/US Dollar exchange rate and inflation.
The Commission showed appreciation to stakeholders and the general public for their participation and input 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 service delivery,” an excerpt of the statement read.
Regarding electricity tariff, the Commission said in a separate statement “The review has resulted in the Commission approving tariff increases for natural gas and electricity for the second quarter of 2023.”
It further explained that the quarterly tariff review mechanism seeks to track and incorporate changes in key factors used in determining natural gas.
“These factors are the Ghana Cedi/US Dollar exchange rate, inflation, electricity generation mix, and the weighted average cost of natural gas (WACOG),” the statement said.
“This review has become necessary to maintain the real value cost of supply of the utility services and to ensure that the utility companies do not under or over-recover costs,” it further indicated.
Find the statement below
