The Public Utilities Regulatory Commission (PURC) has approved a 11.17%. tariff increase for electricity from July 1.
The decision to increase electricity tariff was taken after careful consideration of proposals by the various stakeholders in the power sector, a press statement signed by the Executive Secretary of PURC, Mrs Mami Dufie Ofori has said.
She added that the increase is for the recovery of total electricity revenue requirement for the regulated electricity market.
“In taking the above decisions, the Commission received and considered tariff proposals from stakeholders including the following utility service providers in the electricity and water sectors: Volta River Authority (VRA), Ghana Grid Company Limited (GRIDCo), Electricity Company of Ghana (ECG), Power Distribution Services (PDS) Ghana Limited, Northern Electricity Distribution Company (NEDCo) and Enclave Power Company Limited (EPC)”.
Speaking on a possible increment of Water tariff, Executive Secretary of PURC in the release, stated that, “The Commission will also receive tariff proposal from the Ghana Water Company (GWCL) and the decision on this will be announced in due course “