Electricity and Water tariffs increment takes effect today

In a statement signed by Mrs. Mami Dufie, the Executive Secretary for Public Utilities Regulatory Commission (PURC)an crement in electricity and water tariffs will take effect today, 1st October, 2019 by 5.94 per cent.

According to the statement, water tariffs will also increase by 2.22 per cent, with both adjustments covering October to December.

This increment it says is in line with the Commission’s Automatic Adjustment Formula, which considered factors such as the Ghana-US dollar exchange rate, inflation, price of Crude Oil and Natural Gas and the generation mix (hydro and thermal).

Other factors were power purchase cost, demand forecast, electricity cost and fuel mix.

The PURC in June 2019 announced an 11 per cent increase in electricity tariff, which took effect on July 1.

The statement said the Commission would embark on an effective Tariff monitoring programme aimed at providing the end user improved quality of service.

Source: News Desk

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