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PURC increases electricity, water tariffs effective July 1

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The Public Utilities Regulatory Commission (PURC) has declared adjustments to the tariffs for Electricity and Water, which will be in effect from July 1 through September 30, 2024.

According to the Commission, electricity tariffs will see a modification as follows: a 3.45% hike for lifeline consumers (those using 0-30kWh); 5.84% rise for residential consumers outside the lifeline bracket (those using 31 kWh and above), and this also applies to non-residential consumers.

The announcement, made on Friday, May 31, and endorsed by Executive Secretary Dr Ishmael Ackah, further detailed that industrial consumers should anticipate an electricity tariff increment of 4.92%.

Additionally, the PURC has indicated that Water Tariffs will be subject to a 5.16% augmentation across all customer categories during the specified timeframe.

“The Public Utilities Regulatory Commission wishes to inform consumers of Electricity and Water that, there has been a review of the existing tariffs, to take effect from July 01, 2024, to September 30, 2024.

“Having considered all the underlying factors, the commission wishes to announce that, there will be 3.45% increase in electricity tariffs for lifeline consumers (0-30kWh); 5.84% increase for all other residential consumers who are not part of the lifeline category bracket (31 kWh and above) as well as the non-residential category.

“The industrial category will experience an increase in electricity tariffs of 4.92%. Water Tariffs will experience an increase of 5.16% for all customer classes for the period under review,” PURC announced.

The PURC attributed the increment to several factors including the cedi, inflation, cost of fuel and electricity generation mix.

“These reviews have been undertaken in line with the Commission’s Quarterly Tariff Review Mechanism, which tracks and incorporates movements in key uncontrollable factors, namely the exchange rate between the US$ and the Ghana Cedi, domestic inflation rate, the electricity generation mix, and the cost of fuel, mainly natural gas.

“These reviews are undertaken 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.”

The Commission also stated that it took into consideration the general living conditions of Ghanaians.

“The Commission, in undertaking this review also considered the competitiveness of industries and the general living conditions of the Ghanaian.,” PURC highlighted.

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