Audio By Carbonatix
The Public Utilities Regulatory Commission (PURC) says the Electricity Company of Ghana (ECG) is in the process of completing its directives issued on March 19, 2024.
According to the PURC, out of the five tasks given to the power distribution company, three (3) had been completed.
Earlier, the Commission had ordered the Electricity Company of Ghana (ECG) to present to it a comprehensive report of its operations about tariff revenue allocation, regulatory audit data and operational matters among others by close of day on April 2, 2024.Â
The commission had also instructed the Electricity Company of Ghana to distribute funds from the Cash Waterfall Mechanism (CWM) by March 25, 2024.
PURC explained that the order, which was issued under Sections 3 and 24 of the Public Utilities Regulatory Commission Act, 1997 (Act 538), was a result of some major observations it had made concerning a general decline in the quality-of-service delivery, including increasing power outages across ECG service areas from January 1, 2024, to date.
But updating Ghanaians in a press release dated March 26, PURC said ECG is yet to complete payments to the energy sector players along the electricity value chain.
The statement further stressed that "PURC shall validate all payments made along the electricity value chain for an approval month and publish it on the PURC website not later than the second week of the following month."
But this validation can only be done when payments to the energy sector players have been completed.
Find the full statement from PURC below:
Latest Stories
-
CSIDT proposes 80% of GH¢350m flood budget be invested in prevention
3 hours -
Trump threatens to target Iran’s bridges and power plants if Hormuz attacks persist
3 hours -
Ghana not yet in digital trust crisis, but warning signs are emerging – Kwami Tamakloe
3 hours -
Digital trust crisis looming if fraud concerns are ignored – John Awuah warns
3 hours -
Mamdani backs off pledge to arrest Netanyahu citing lack of authority
3 hours -
Banks’ NPLs drop to 16.1%, but credit risk remains key vulnerability
4 hours -
Business, consumer confidence positive – BoG
4 hours -
We don’t have a trust crisis – BoG urges vigilance against rising digital fraud
4 hours -
GIPC now an authority
4 hours -
Mahama urges African leaders to turn health pledges into concrete investments
4 hours -
NPP Greater Accra Regional Organiser hopeful touts experience, grassroots mobilisation record
4 hours -
WHO warns Africa risks losing decades of health gains as external funding declines
5 hours -
Chief of Staff plants shea tree at Jubilee House to reaffirm government’s commitment to shea industry development
5 hours -
GCB Bank unlocks new pathway to credit with Tier 3 pension-backed loan
5 hours -
Mid-Year Budget: ‘MoU is not a payslip’ – Oppong Nkrumah questions gov’t jobs, economic claims
5 hours