The Public Utilities Regulatory Commission (PURC) has announced an increment in tariffs for electricity and natural gas by 18.36% across the board for all consumer groups.
The tariff hike will take effect on June 1, 2023.
In a press release, the PURC explained that the decision was taken to balance the prevention of extended power outages and their adverse implications on jobs and livelihoods while minimizing the impact of rate increases on consumers.
The PURC also attributed the latest increment to changes in key variables such as the Ghana cedi-dollar exchange rate, high inflation, the weighted average cost of gas, and the electricity generation mix.
“This review has become necessary to maintain the real value of the cost of supply of the utility services and to ensure that the utility companies do not under or over-recover costs.
“While under-recovery has negative implications for the ability of the companies to supply service to consumers, and has the potential of causing outages of electricity, over-recovery unnecessarily overburdens consumers of electricity,” the statement read.
Attached is the full statement by the PURC:
