Business / Agribusiness Local

Electricity and Water Tariffs to Increase for Non-Lifeline Residential Users – PURC

Electricity and Water Tariffs to Increase for Non-Lifeline Residential Users - PURC

The Public Utilities Regulatory Commission (PURC) has revealed that starting from September 1, 2023, non-lifeline residential utility users will experience a 4.22 per cent increase in electricity tariffs and a 1.18 per cent increase in water tariffs.

This adjustment follows the completion of the regulatory process for the third quarter of 2023.

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However, there will be no tariff increment for non-lifeline users, industrial consumers, and non-residential customers, which includes businesses such as hairdressing saloons, barbering shops, chop bars, dressmaking shops, and cold stores.

Dr. Ishmael Ackah, the Executive Secretary of PURC, conveyed this information in a statement shared with the Ghana News Agency on Tuesday, August 22, 2023.

He elaborated that the Commission’s decision on the quarterly tariff adjustments took into account various factors, including hydro-thermal generation, the Cedi-to-dollar exchange rate, inflation rate, and fuel prices.

Dr. Ackah emphasized, ‘As always, the Commission’s decisions were guided by the best interests of consumers, the financial stability of utility providers, and the prevailing economic conditions within the country.’

The Commission affirmed its commitment to overseeing service providers to ensure the delivery of high-quality services while striking a balance between the interests of consumers and utility service providers.

This tariff review for the third quarter was deemed necessary to incorporate changes in key factors affecting electricity, water, and natural gas tariffs, and to minimize cross-subsidization between industrial and residential customers.

The Commission’s goal with this review is to ensure the financial sustainability of utility services while alleviating the burden on consumers, particularly those classified as lifeline customers.

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