The Public Utilities Regulatory Commission (PURC) beginning July 1, 2024 is expected to increase Electricity and Water tariffs.
In a statement, the commission revealed that there has been a 3.45% increase in electricity tariffs for lifeline consumers (0-30kWh) and a 5.84% increase for all other residential who are not part of the lifeline category bracket (31 kWh and above), as well as the non-residential category.
For consumers in the industrial category, PURC said they will experience a 4.92% increase in electricity tariffs.
The statement signed by Executive Secretary Dr Ishmael Ackah, dated Friday, May 31, further disclosed that, there will be a 5.16% increase in Water Tariffs for all customer classes for the period under review.
Giving reasons for the increment, PURC indicated that inflation, cost of fuel, electricity generation mix and the cedi contributed to their decision.
“These reviews have been undertaken in line with the Commission’s Quarterly Tariff Review Mechanism, which tracks and incorporates movements in key uncontrollable factors, namely the exchange rate between the US$ and the Ghana Cedi, domestic inflation rate, the electricity generation mix, and the cost of fuel, mainly natural gas.
“These reviews are undertaken 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.”
The increment according to PURC will be in effect July 1, 2024 to September 30, 2024.
