
Audio By Carbonatix
The Power Minister Dr Kwabena Donkor, has asked power consumers to adopt greater efficiency in energy use in order to contain the increasing cost of power provision nears its end.
He said in the current energy generation mix the contribution of hydro sources – the cheapest source of energy generation – is diminishing, which requires consumers to brace themselves for a tariff regime that will reflect the cost of power supply.
“If you look at the generation mix, we are going to have less cheap sources of generation and more of the expensive sources of generation, and this must be reflected in an appropriate tariff. As at the moment, this is not yet fairly reflected. So going forward, Ghanaians must develop greater efficiency in energy use. A household can maintain its present payment obligations by reducing the waste in power use.
“So a behavourial change will also help us to minimize power use, and therefore minimize the impact of electricity-cost on our lives and also reduce the national aggregate demand,” he said.
The comments of Dr Donkor were made in an interview with the BFT.
Last week, the PURC announced a 59.2 percent in electricity tariff to help power companies meet the cost of producing and distributing power – which is largely unavailable in the country due to deficiencies in energy supply.
Dr Kwabena Donkor said despite the increment in power usage, the amount consumers pay for electricity Is far below what it costs to produce power, and it is about time the country charts a party for a cost-reflective regime.
“We have not had a cost-reflective tariff for a while because Akosombo has been the dominant in the generation mix, but that has changed drastically. For example, as at today (Friday) Akosombo is doing about 480MW out of an installed capacity of 1020MW.
“TICO alone is doing 320MW, which is almost close to Akosombo and therefore Akosombo’s role in the generation mix has diminished,” he explained.
Latest Stories
-
Henderson not ruled out of World Cup despite breaking arm
2 hours -
Man Utd agree deal for Chelsea’s Santos
3 hours -
Chelsea announce £40m Quenda signing
3 hours -
US confirm Pulisic leg fracture in defeat by Belgium
3 hours -
Man Utd plan naming rights deal for new stadium
3 hours -
Norwegian football jerseys sold out ahead of Three Lions showdown
3 hours -
Norway’s Haaland says pressure is all on England
3 hours -
Quansah banned for two games after Mexico red card
3 hours -
Arsenal target Guimaraes asks to leave Newcastle
4 hours -
Case Management Conference in Mamprobi baby theft case fixed for July 16
4 hours -
EM Advisory proposes tri-pole economy to ease pressure on Accra
4 hours -
Woman accused of absconding with GH¢156,445 ‘susu’ money granted bail
4 hours -
Regina Yayra Adenyo elected UCC SRC Vice President
4 hours -
Mbappe and Dembele send France into World Cup semi-finals
4 hours -
JoyNews’ Caleb Ziblim wins Overall Best Fellow and three other awards at Africa Extractives Media Fellowship
4 hours