Ghana’s utilities regulator, Public Utility and Regulatory Commission (PURC), has increased electricity tariff by 5.94 percent effective today, October 1, 2019.
PURC in June 2019 announced 11.17% increase in electricity which took effect July 1.
The latest increment brings the total upward adjustment of electricity tariff within this year to about 17.11 percent.
PURC also announced an increase in water tariffs by 2.22 percent.
In a statement signed by the Executive Secretary, Mami Dufie Ofori and copied to energynewsafrica.com Monday, the PURC explained that the increase in tariffs was determined by the Automatic Adjustment Formula (AAF) which considers eight factors including Ghana cedi-US dollar exchange rate, inflation, price of crude oil and natural gas and fuel mix (Crude Oil, Natural Gas and Distillate Fuel).
Other factors are generation mix (Hydro and Thermal), power purchase cost, demand forecast and electricity cost (A major cost component in water production).
The Commission assured the general public that it is committed to embarking on effective tariff monitoring programme aimed at providing the end user improved quality of service.
Below is the full statement:
