“…Ghanaians Should Expect A Review In Tariffs In July…” – PURC
The Head of Communications at the Public Utilities Regulatory Commission (PURC), Ali Simon Jarana, has said Ghanaians should expect a review of tarifs in July this year.
According to him, this is due to a lot of factors which includes exchanger rate linked with the importation of chlorine for water treatment and the importation of copper and steel by NEDCo. Speaking about the proposed tariff increment by the Electricity Company of Ghana (ECG) and Ghana Water Company Limited (GWCL), he said inflation and regulatory benchmark target amount and other factors will be considered in the review.
“There are a lot of factors that go into tariff determination. One is the interest of the consumer that is provided by the Act that established PURC; the second is the interest of the investor community; third, we have regulatory benchmarks that the utilities must also meet. We are also looking at the some microeconomic indicators, that is, inflation, we are looking at exchange rate. Exchange rate because of their equipment, they import them. GWCL for instance, imports chlorine to treat the water, NEDCo will import copper and steel…Ghanaians should expect a review in tariffs in July, that I an assure you.” Mr Ali stated.
ECG has proposed a 148% increment in tariff from August 2022. This was submitted to PURC wants the adjustment to cover the period of 2019 and 2022. The ECG however recommended an engagement with the PURC on the determination of the defined threshold for the lower tariff for non-residential or commercial customers.
Source: Ghana Web