The Public Utilities Regulatory Commission (PURC) has announced new utility tariffs for consumers of electricity and water effective December 1, 2023.
The new tariffs, which are for three months, from December 1, 2023, to February 29, 2024, will see electricity reduced by 1.52 percent across the board for all customers, while water increases by 0.34 percent.
The adjustments are being carried out in line with the commission’s quarterly tariff review mechanism, which tracks and incorporates movement in key uncontrollable factors.
The factors are the exchange rate between the US dollar and the Ghana cedi, the domestic inflation rate, the electricity generation mix, and the cost of fuel, mainly natural gas.
Quarterly adjustment
A statement dated Thursday, 23, 2023, signed and issued by the Executive Secretary of the PURC, Dr Ishmael Ackah, stated that the adjustments to the existing electricity and water tariffs was undertaken on a quarterly basis 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.
He said in addition, the commission considered the competitiveness of industries and the general living conditions of Ghanaians.
“After robust analysis, the commission wishes to announce a reduction of 1.52 percent (-1.52%) in the electricity tariff.
“Water tariffs have increased by 0.34 percent for the fourth quarter of 2023,” he said.
He explained that electricity tariffs across the board have been reduced by 1.52 percent for the fourth quarter of 2023.
The results from analyses of the four factors and their impact on electricity tariffs to be paid by consumers for the period under review.
Source: Graphic Online