The Chamber of Independent Power Producers (IPPs), Distributors and Bulk Consumers have challenged the Public Utilities Regulatory Commission (PURC) to ensure that consumers get value for money from the power consumed, but not pay for the inefficiencies of the Electricity Company of Ghana (ECG).

This is coming after the PURC announced 27.15% and 21% increases in electricity and water tariffs respectively.

Speaking to Joy Business, the Chief Executive of the Chamber, Elikplim Komla Apertorgbor, said ECG must live up to expectations and settle all its indebtedness to the key stakeholders within the electricity value chain.

“I will like to challenge the regulator, the PURC to ensure consumers get real value for their money and not pay for ECG’s inefficiencies. Enough of commercial and technical loses, enough of these stories”.

He mentioned that “let them up their game and provide us the best of service. I must commend PURC again and for the resolve to lower tariffs for the small and medium scale industries. On a first side, it is a great push and support for the local industries to thrive well in the competitive space.”

He further said “I must commend the PURC for the level of independence and transparency exhibited throughout the tariff this year. During the unimaginable economic conditions, the tariff adjustment has become inevitable especially when the underlying price determinants are out of control. The most important thing is for ECG to make the required revenue and settle the key stakeholders in the electricity supply value chain.”

ECG’s indebtedness to the IPPs as of July 2022 stood at $908m

ECG’s indebtedness to the IPPs as of July 2022 stood at $908 million.

“It will interest you to know that ECG as of the end of July this year has accumulated up to $908 million to the IPPs alone. So, it is important to make the required revenue to settle this debt”, Mr. Apertorgbor pointed out.