The Public Utility Regulatory Commission (PURC) is assuring consumers of some respite ahead of the utility tariff adjustments.
The Chairman of the Technical Committee of PURC, Ishmael Edjekumhene, said the Commission will not approve any unreasonable tariffs.
“PURC is considering the proposals presented by the utility providers, after which we will make a decision.”
“What I am certain of is that there is no way consumers will be made to bear the outrageous cost.
Meanwhile, the Commission is currently meeting all stakeholders across the country before announcing new tariffs.
PURC had earlier said it will consider the interest of all stakeholders in determining the new utility tariffs.
“PURC will weigh the concerns of the consuming public and other stakeholders. We’ll consider the interest of the consuming public and the investor community and protect the interest of the utility company by making sure that it is financially viable.
“We will also look at our regulatory benchmark, including the allowable losses, and all these are put together, so it isn’t just an academic exercise,” Head of Public Relations and External Affairs of PURC, Ali Simon Jarana said in a media interview.
Demands by utility providers
The Electricity Company of Ghana and the Ghana Water Company Limited are demanding over a 100% increment in tariff to meet what they call operational cost.
The Electricity Company of Ghana had proposed that its tariffs be increased by 148% for 2022 and with 7.6% average adjustments between the periods of 2023 to 2026.
The proposed sharp increment, according to ECG, is due to the gap between the actual cost recovery tariff and PURC-approved tariffs as well as the cost of completed projects.
The GWCL also argued that while the average tariff per cubic metre in 2019 was 1.27 USD, the same was reduced to USD 1.13 as a result of the cedi depreciation.
The GWCL said this has affected its ability to carry out repairs and replacements of aged and obsolete equipment and pipelines.
- I have been battling prostate cancer for a year – KSM
- I’ve been given over ¢100k ‘haircut’ on my investment – Franklin Cudjoe
- Appointment Committee recommends approval of 2 out of 4 Justices nominated to the Supreme Court
- We will no longer be paying ¢0.50 and ¢1 as road toll next year – Roads Minister hints at increase
- Waterstone Realty Ltd sues government for $4.7m over National Cathedral project
- Sacked against medical advice, workplace abuse and stigma – An HIV ambassador’s story
- 81 aspirants vie for 14 national executive positions in NDC
- Ghana in talks with Dubai oil refiner to barter gold for fuel
- Phones in the right hand, books in the left – WASSCE vs mobile phones
- George Addo Jnr: Otto Addo leaves behind a Black Stars squad pregnant with titles
- Nigerian star D’banj arrested for youth fund fraud
- Trades Minister celebrates Free Zones Authority, calls for export driven industrialisation
- WhatsApp is adding official support for Meta’s Bitmoji-style avatars
- Iran carries out first execution over anti-government protests
- Today’s front pages: Thursday, December 8, 2022
- GRA boss heaps praises on ICUMS’ E-auction module
- Afriyie-Ankrah’s former students support campaign with billboards
- World Cup 2022: Fifa ‘deeply saddened’ after reported migrant worker death
- Sterling asks FA to look at him returning to Qatar for quarter-final
- GSIA rejects Debt Exchange Programme
- Debt exchange: Our money shouldn’t be touched – UTAG tells government
- Government establishes ¢15bn Ghana Financial Stability Fund
- Putin: Nuclear risk is rising, but we are not mad
- Marketing Officer granted bail for stealing from Duraplast Company
- Government has not shown any seriousness in handling economic crisis – Franklin Cudjoe