Electricity tarriffs will see a reduction of 1.52% but water tarriffs will increase by 0.34% – PURC

The Public Utilities Regulatory Commission (PURC) in Ghana has made changes to utility tariffs, affecting electricity and water costs for consumers from December 1, 2023, to February 29, 2024. According to the announcement, electricity tariffs will see a reduction of 1.52%, while water tariffs will increase by 0.34% during this three-month period. These adjustments are part of the commission’s quarterly tariff review, responding to factors like exchange rates, inflation, electricity generation mix, and fuel costs.

The decision, signed by Dr. Ishmael Ackah, the Executive Secretary of PURC, emphasizes the importance of maintaining the real value of tariffs. The commission aims to keep utility service providers financially viable to ensure the continued delivery of services to consumers. The reduction in electricity tariffs is seen as a measure to support the competitiveness of industries and improve the overall living conditions of Ghanaians.

The commission’s quarterly analysis considers the impact of key uncontrollable factors on tariffs. In this instance, the reduction in electricity tariffs is attributed to a comprehensive assessment that includes the exchange rate, inflation, electricity generation mix, and fuel costs. Conversely, the slight increase in water tariffs is a response to the same factors and is geared towards sustaining the financial health of water service providers.

This move is part of the ongoing efforts to balance the needs of consumers, industries, and service providers in the face of economic and environmental considerations. As Ghana’s largest news provider, Graphic Online aims to keep the public informed about such developments, contributing to the understanding of economic dynamics and their impact on daily life.