Electricity tariffs to reduce by 6.5% for residential consumers

Story By: Philipina Badu

Starting from April 1, 2024, residential customers consuming 301kWh or more will receive a 6.5% reduction in electricity tariffs.

The Public Utilities Regulatory Commission (PURC) announced this in a press release on its 2024 first-quarter tariff review decision for electricity, natural gas, and water.

The PURC said the reduction is to alleviate the financial burden on consumers within this consumption bracket.

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However, it added that there will be no changes to the electricity tariffs for lifeline consumers, who utilise between 0-30kWh of electricity.

“There will be no change in the electricity of lifeline consumers (0-30KWh) as well as for residential consumers within the consumption bracket of 0-300kWh.

“There will however be an average reduction in electricity tariffs of 6.5% for residential consumers within the consumption bracket of 301kWh and above,” the commission said.

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Additionally, tariffs within the 0-300kWh for the non-residential class of consumers remain the same with no change in their rates.

On the other hand, consumers within 301kWh and above class will experience an average reduction of 4.98%.

This comes after the electricity tariff across the board was reduced by 1.52% for the fourth quarter of 2023.

Meanwhile, water tariffs for the first quarter of 2024 will remain the same as in the fourth quarter of 2023.

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On November 23, 2023, PURC announced an upward adjustment of water tariffs by 0.34%.

Below is the full statement

[gview file=”https://www.theghanareport.com/wp-content/uploads/2024/02/PURC-Press-Release-2024-Q1-Tariff-Review-Decision-for-Electricity-Natural-Gas-Water.pdf”]

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