Electricity tariffs reduced by 1.52%, water up by 0.34%

Source The Ghana Report

The Public Utilities Regulatory Commission (PURC) has announced a 1.52%  downward review in electricity tariffs effective December 1, 2023.

In a press release dated November 23, 2023, PURC also announced an upward adjustment of water tariffs by 0.34%.

The adjustment is in line with the Commission’s Quarterly Tariff Review Mechanism using key factors such as the exchange rate between the US Dollar and the Ghana Cedi, the domestic inflation rate, the electricity generation mix, and the cost of fuel, mainly natural gas.

“Electricity Tariffs across board have been reduced by 1.52% for the fourth quarter of 2023…Water Tariffs have increased by 0.34% for the fourth quarter of 2023,” the statement read.

The new tariffs cover the period from December 01, 2023, to February 29, 2024.

PURC added that adjustments to the new tariffs would ensure that the utility service providers were financially viable and efficient.

In June 2023, PURC  increased the average end-user tariff for electricity by 18.36 per cent across board for all customer groups.

According to the Executive Secretary of PURC, Dr Ishmael Ackah, the decision to increase utility tariffs was necessitated by the price of natural gas, exchange rate, hydrothermal mix and inflation at the time.

Below is the full statement from PURC

Download (PDF, 410KB)

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