Audio By Carbonatix
The Public Utilities Regulatory Commission (PURC) has announced 9.73% and 6.80% increment in electricity and water tariffs respectively from January 1, 2014.
The increment according to the PURC, is to correct movements in the Automatic Adjustment Formula (AAF) variables in order to preserve the real value of tariffs approved for the utilities in October 2013.
The decision was reached Monday, at a meeting which also considered the variables that underpin the AAF.
The regulator indicated that the latest increment which spans the first quarter of the year - January 1 to March 31 - is largely driven by the movements in exchange rates, inflation and the demand variation.
More soon.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
GoldBod has not made GH₵1.7bn loss – Prof Ebo Turkson
8 minutes -
Legal vacation trials involving politicians raise fair play concerns – Baffour Awuah
9 minutes -
‘It should have been negotiated’ – Dafeamekpor on lawyers’ dispute with CJ over vacation hearings
24 minutes -
Ablakwa announces special bonus for passport staff after GSS ranks service among least corrupt institutions
33 minutes -
Mövenpick Ambassador Hotel will deepen community engagement as it marks 15 years – General Manager
1 hour -
Mad rush for GH¢15 KFC deal as massive queues hit branches nationwide
1 hour -
Firefighters contain raging fire at Labadi Wireless
1 hour -
Photos: Police engage religious leaders at National Police Headquarters
1 hour -
Gov’t invests GH¢443m in Free Primary Health Care – Dr Asare Bampoe
2 hours -
ECG announces power outages in parts of Accra West and Central regions
2 hours -
Otumfuo calls for urgent action to end maternal deaths in Ghana
2 hours -
Prioritise Bawumia’s interest and vote on merit – NPP elder urges delegates
3 hours -
Jason Arday death ‘tragedy on so many levels’ says PM
3 hours -
Rotary Club donates phototherapy machine to Ussher Hospital
4 hours -
Analysis: Jason Arday’s death will send shockwaves through a divided academia
4 hours