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Business & Analysis

PURC announces 11.17% hike in electricity tariffs

By : Tetteh Djanmanor on 21 Jun 2019, 05:45

The Public Utilities Regulatory Commission (PURC) has announced an 11.17%. tariff increase for electricity which is expected to take effect from July 1.

The new tariff was approved after the Commission considered various proposals by the stakeholders in the power sector.

A press statement signed by the Executive Secretary of PURC, Mrs Mami Dufie Ofori said the hike in tariffs is to ensure 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)”.

The new tariffs come a year after the PURC announced a 17.7% reduction for domestic users and 30% for commercial users.

But the new increase has triggered a lot of anger from consumers some of whom say they cannot pay.

The following is the full details of the PURC statement announcing the new increases.