The Public Utilities Regulatory Commission (PURC) has approved an 11.17% tariff increase for electricity which is to take effect from July 1, 2019.
In a statement signed by the the Executive Secretary of PURC, Mami Dufie Ofori on Friday, the Commission explained that the increase is for the recovery of total electricity revenue requirement for the regulated electricity market.
“In taking the above decisions, the Commission received and considered tariff proposals from stakeholders including the following utility service providers in the electricity and water sectors: Volta River Authority, Ghana Grid Company Limited, Electricity Company of Ghana, Power Distribution Services Ghana Limited, Northern Electricity Distribution Company and Enclave Power Company Limited,” it noted.
“In line with the Commission’s regulatory oversight mandate, extensive technical and financial analyses of the proposals were undertaken. The key objective of the tariff review was to sustain the financial viability of utility service providers as well as ensuring delivery of quality service to consumers,” the statement said.
The Commission added that “as a major policy shift aimed at enhancing the competitiveness of Ghanaian industries, it has eliminated the Maximum Demand Charge on industrial customers (Special Load Tariff-SLT Customers). It is expected that this policy will result in some 5LT customers experiencing savings in their overall electricity bills.”
Below is the full statement:
Source: Adomonline.com | Gertrude Otchere