The Public Utilities Regulatory Commission (PURC), the economic regulator for electricity and water in the Republic of Ghana, has announced an increase in electricity and water tariffs by 4.22 per cent and 1.18 per cent respectively, for non-life residential consumers effective 1st September 2023.
The Commission, however, did not approve tariff increases for industrial consumers, non-residential consumers notably hairdressing salons, barbering shops and local restaurants.
This follows the conclusion of the regulatory process for the quarterly adjustment of tariffs by the PURC.
The quarterly tariff review mechanism seeks to track and incorporate changes in key factors used in determining natural gas, electricity and water tariff.
These factors are the Ghana/Dollar exchange rate, inflation, electricity generation mix and the weighted average cost of natural gas (WACOG).
Source: https://energynewsafrica.com