Ghana: Electricity Tariffs For Residential And Non-Residential Consumers To Drop By 6.56%, 4.98% Effective April 1

Residential and non-residential electricity consumers in the Republic of Ghana, who consume 301kWh and above will enjoy a 6.56 per cent and 4.98 per cent drop in their electricity tariffs effective April 1 to June 30, 2024.

The Public Utilities Regulatory Commission (PURC), the regulator for electricity and water, announced this in a press statement issued and copied to energynewsafrica.com on Tuesday, February 27, 2024.

The PURC said, “There will be no change in the electricity of lifeline consumers (0-30KWh) as well as for residential consumers within the consumption bracket of 0-300kWh.

“There will, however, be an average reduction in electricity tariffs of 6.5% for residential consumers within the consumption bracket of 301kWh and above.

“Tariffs within the 0-300kWh for non-residential class of consumers remains the same with no change in their rates.

However, consumers within 301kWh and above class will experience an average reduction of 4.98%,” the Commission explained.

The Commission reduced the residential tariff bands from four to three and the Non-Residential Tariff bands class to two bands.

Additionally, the Commission has reduced the industry tariff band to reward the productive use of electricity, resulting in a 4.88 per cent reduction for Low Voltage (SLT-LV) consumers.

The Commission has also merged the high voltage, medium voltage and steel companies into one band, with all classes now paying GH₵1.5252/kWh leading to a 4.72 per cent-point reduction in the tariff of the high voltage consumers.

Meanwhile, water tariffs for all customer classes, the PURC said would remain unchanged during the specified review period.

The Commission noted that these reviews have been undertaken in line with the Quarterly Tariff Review Mechanism, which tracts and incorporates movements in key uncontrollable factors, namely the exchange rate between the US$ and the Ghana Cedi, domestic inflation rate, the electricity generation mix and the cost of fuel, mainly natural gas.

Source:https://energynewsafrica.com