Audio By Carbonatix
The Public Utility Regulatory Commission (PURC) is assuring consumers of some respite ahead of the utility tariff adjustments.
The Chairman of the Technical Committee of PURC, Ishmael Edjekumhene, said the Commission will not approve any unreasonable tariffs.
“PURC is considering the proposals presented by the utility providers, after which we will make a decision.”
“What I am certain of is that there is no way consumers will be made to bear the outrageous cost.
Meanwhile, the Commission is currently meeting all stakeholders across the country before announcing new tariffs.
PURC had earlier said it will consider the interest of all stakeholders in determining the new utility tariffs.
“PURC will weigh the concerns of the consuming public and other stakeholders. We’ll consider the interest of the consuming public and the investor community and protect the interest of the utility company by making sure that it is financially viable.
“We will also look at our regulatory benchmark, including the allowable losses, and all these are put together, so it isn’t just an academic exercise,” Head of Public Relations and External Affairs of PURC, Ali Simon Jarana said in a media interview.
Demands by utility providers
The Electricity Company of Ghana and the Ghana Water Company Limited are demanding over a 100% increment in tariff to meet what they call operational cost.
The Electricity Company of Ghana had proposed that its tariffs be increased by 148% for 2022 and with 7.6% average adjustments between the periods of 2023 to 2026.
The proposed sharp increment, according to ECG, is due to the gap between the actual cost recovery tariff and PURC-approved tariffs as well as the cost of completed projects.
The GWCL also argued that while the average tariff per cubic metre in 2019 was 1.27 USD, the same was reduced to USD 1.13 as a result of the cedi depreciation.
The GWCL said this has affected its ability to carry out repairs and replacements of aged and obsolete equipment and pipelines.
Latest Stories
-
Ghana launches revised Early Childhood Care and Development Policy to strengthen child development framework
4 minutes -
AI to transform 49% of jobs in Africa within three years – PwC Survey
18 minutes -
Physicist raises scientific and cost concerns over $35m EPA’s galamsey water cleaning technology
30 minutes -
The road to approval: Inside Ghana’s AI strategy and KNUST’s leadership
1 hour -
Infrastructure deficit and power challenges affecting academics at AAMUSTED – SRC President
1 hour -
Former US diplomat sentenced to life for abusing two girls in Burkina Faso
1 hour -
At least 20 killed after military plane carrying banknotes crashes in Bolivia
1 hour -
UK reaffirms investment commitment at study UK Alumni Awards Ghana 2026
2 hours -
NCCE pays courtesy call on 66 Artillery Regiment, deepens stakeholder engagement
2 hours -
GHATOF leadership pays courtesy call on Chief of Staff, Julius Debrah
2 hours -
KiDi unleashes first single of the year ‘Babylon’
2 hours -
Ghana Boxing Federation unveils new logo at Accra Sports Stadium
2 hours -
Pink Ladies Cup: Agejipena scores debut goal as Black Queens thump Hong Kong
2 hours -
Ghana pays tribute to 1948 heroes at 78th anniversary observance
3 hours -
Allowance payout will strengthen Ghana’s decentralization framework – Tano North Assembly Members
3 hours
