The Public Utilities Regulatory Commission (PURC) has announced an upward adjustment in both electricity and water tariffs effective October 1, 2024.
The quarterly review by the commission necessitated a 3.02% increment in electricity tariffs and a 1.86% increment in water tariffs for the Third Quarter of 2024, it announced in a statement.
This increment affects all categories of customers, the PURC noted.
It explained, “The Commission, having reviewed and analysed its findings from the data on the macroeconomic and market-driven variables approve a 3.02% increment in electricity tariffs, largely driven by exchange rate effect on electricity generation cost, and a 1.86% increment in water tariffs across board.”
The PURC on that note urged the Electricity Company of Ghana (ECG), Ghana Water Limited (GWL) and Northern Electricity Distribution Company (NEDCo) to adhere to the benchmark of 98% for revenue collection in order to pay what is due all stakeholders in the value chain.
It indicated that this will ensure the sustainability of both the energy and water sectors.