The Public Utilities Regulatory Commission (PURC) has, for the second time, postponed its tariff decision for the 2022-2027 Multi-Year Major Tariff.
On June 27, 2022, the Commission, in a press statement, indicated that it would be unable to announce its decision on 1 July 2022, as promised and deferred the announcement to 15th July,2022.
The Commission explained that it had become necessary to do so to further engage some stakeholders.
However, Executive Secretary of PURC, Dr. Ishmael Ackah, said the Commission would not be able to announce the new tariff on Friday 15 July 2022 and so had deferred it.
According to him, the Commission has identified several issues during the analysis and examination of the tariff proposals, which necessitates further deliberations and engagements with the utilities to ensure that such pertinent issues are addressed.
Dr. Ackah further stated that the Commission has scheduled a meeting with the regulated utilities to afford them the opportunity of providing clarity and justifications for some of the figures quoted in their proposals, and to respond to some important issues raised during the tariff analysis.
According to the Executive Secretary, the Commission has adopted these steps to ensure that only prudent and efficient costs are passed on to consumers of the regulated utilities, while sustaining the financial viability of the utilities.
Dr Ackah assured consumers of the Commission’s commitment to having a transparent and fair process, which would inure to the benefit of both consumers and the regulated utilities.
He indicated that a new date for the announcement of electricity and water tariffs would be communicated to the public as soon as these issues have been addressed.
Source: https://energynewsafrica.com