
Audio By Carbonatix
The Chairman of the Public Utilities Regulatory Commission, Mr. Kwame Pianim has tendered in his resignation.Mr. Pianim is said to have delivered the resignation letter to the Castle, Osu, last week whiles President Kufuor was away in Lisbon attending an EU-Africa summit.Joy News sources say the decision is linked to the recent review of the structure for electricity tariffs by government, explaining that even though there could be other reasons for Mr. Pianim’s resignation, the government’s announcement was the last straw.Before the announcement, households that consumed less than 50 units of electricity paid considerably less than average consumers. Under the revised structure however, the lifeline category for consumers was expanded to cover consumption below 150 units.The decision according to government is to mitigate the impact of the recent hikes in electricity tariffs on a wider section of the population, effectively a tariff adjustment.But it is contrary to the long held stance of the PURC Chairman, of steady adjustment in prices to reflect economic rates. This is the second time that government action has nullified a PURC announcement on utility tariff increases.Last year government absorbed increases announced by the PURC, prompting complaints from the Chairman that low tariffs will discourage private sector participation in the energy sector.It is unclear if President Kufuor who just returned from the EU-Africa Summit will accept Mr Pianim’s resignation.Mr. Pianim himself declined to comment when Joy News reached him on the matter.
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
-
AGI commends government’s move to resolve the power crisis in Volta and Oti Regions
35 minutes -
Broker sector worse hit by state interference – IBAG president reveals
46 minutes -
IBAG president alleges political interference driving kickbacks in insurance sector
1 hour -
Trump agrees to two-week ceasefire, Iran says safe passage through Hormuz possible
2 hours -
Dozens killed as Angola flood death toll rises
2 hours -
Russia confirms deaths of 16 Cameroonians fighting in Ukraine war, Yaounde says
2 hours -
Plan to scrap presidential elections puts Zimbabweans at loggerheads
2 hours -
Guinea-Bissau transporters strike over higher fuel prices
2 hours -
Iran ceasefire deal a partial win for Trump – but at a high cost
2 hours -
Oil slides below $100 after Trump announces two-week ceasefire
3 hours -
Madagascar declares state of emergency over energy situation due to Iran war
3 hours -
Ex-Meta worker investigated for downloading 30,000 private Facebook photos
3 hours -
World Bank says Nigerian economy to grow in 2026 but Iran war lifts inflation
3 hours -
Ringleader of suspected human trafficking network arrested in Ethiopia
3 hours -
Alexander-Arnold fails to ease Tuchel concerns as Kane stars
3 hours