The Public Utilities Regulatory Commission (PURC) has approved a 4.22% increase in electricity tariffs for non-lifeline residential customers and a 1.8% increase in water tariffs for all non-lifeline water consumers in the third quarter tariff review window. The increase will take effect on September 1, 2023.
In a statement dated August 22, 2023, and signed by its Executive Secretary Dr Ishmael Ackah, the PURC explained that the upward adjustment was done in the best interest of the consumer while ensuring that the utility companies stay afloat in these challenging economic times
The decision was made in “the ultimate interest of consumers, the financial viability of the utilities, and the general economic conditions prevailing in the country,” PURC said.
The factors that guided it, according to the release, were inflation, the input of the Ghana Association of Industries(AGI) and the ability of the utility companies to survive with regard to the prevailing economic times.
Read the release below:
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