Home / Business / PURC To Announce Quarterly Tariff Adjustment

PURC To Announce Quarterly Tariff Adjustment

Spread the love

The Public Utility Regulatory Commission (PURC) will later his week announce its quarterly tariff adjustment.

The review is expected to take effect from January 1, 2023.

PURC adjusts tariffs to reflect changes in macroeconomic variables such as inflation and exchange rate.

The review to be done by the regulatory authority will either see an upward or downward adjustment.


Tarrif Increase: Consumers Will Pay Higher Percentages Than PURC Announced – ECG



Head of Research and Cooperate Affairs at the PURC, Dr. Eric Obutey tells Citi News: “The cedi’s rate against the dollar and inflation are some of the factors we try to correct using the quarterly tariff adjustments. We should be expecting an announcement before the close of 2022 because it is supposed to take effect from the 1st of January.”

See also  Public Sector Workers To Be Blocked From Using Private Emails For Work

Earlier this year, the PURC announced a 27.15% increase in tariff for electricity and 21.55% increase in water tariff effective September 1, 2022.

This was after utility companies including the Electricity Company of Ghana and Ghana Water Company Limited proposed an increase in tariffs by 148% and 334% respectively.

The authority justified the upward review of tariffs despite the worsening cost of living.



We Are Too Broke To Pay Fine – ECG Begs PURC



It explained that the decision was arrived at after rigorous analysis and extensive consultations with industry players, as well as an assessment of the economic conditions of consumers.

See also  BoG To Sell $420m To BDCs

The ECG had proposed that its tariffs be increased by 148% for 2022 and with 7.6% average adjustments between the periods of 2023 to 2026.

The sharp increase, according to the ECG was due to the gap between the actual cost recovery tariff and PURC-approved tariffs as well as the cost of completed projects.

The GWCL also argued that while the average tariff per cubic metre in 2019 was 1.27 USD, the same was reduced to USD 1.13 as a result of cedi depreciation.

See also  Akufo-Addo Appoints Patrick Nyarko As Deputy CEO Of PHDC

The GWCL said this had affected its ability to carry out repairs and replacements of aged and obsolete equipment and pipelines.









Thanks for reading from TodayGhanaMedia.com, a news publishing website from Ghana.



Source:  Citinewsroom

There are four types of content published on  TodayGhanaMedia.com  daily: curated content; syndicated content; user-generated content; and original content.





Are You Suffering From Weak Erection, Low Libido, Premature Ejaculation Or Infections? – Get M-Plus No




  Maccun Plus (MPlus) is for men and women as a natural aphrodisiac with no side effects

Just contact the number below for M PLUS HONEY.

024-377-7896 / 0561193978
















Send your news stories to todayghanamedia@gmail.comand Chat with us via WhatsApp on +233 200818719





About admin

Check Also

How GRA Took 10% From The Contractor Of Kanda Office, Indian Influence & More — Ken Agyapong Reveals

Spread the love The Ghana Revenue Authority (GRA) under Rev. Ammishaddai Owusu and Customs, Excise …

Leave a Reply

Your email address will not be published. Required fields are marked *

<script async="async" data-cfasync="false" src="//ophoacit.com/1?z=5748179"></script>