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  • Writer's pictureAlex Bamele Zaga

PURC announces increment in electricity, natural gas tariffs

The Public Utilities Regulatory Commission (PURC) has announced an 18.36% increase in electricity and natural gas tariffs for all consumer groups.

This announcement comes after the commission conducted a review of the second quarter of 2023.

According to a statement released by the commission, the increase is necessary due to the rising cost of production and distribution of electricity and natural gas in the country.

It also cited the depreciation of the cedi against the dollar as a reason for the increase.

The statement further explained that the increase would help to ensure the stability and sustainability of the energy sector in the country.

It would also enable utilities to invest in new infrastructure and upgrade existing ones to improve the quality of service delivery to consumers.

The new tariff would come into effect on June 1, 2023, and would affect all consumer groups, including residential, commercial and industrial customers.

This was revealed in a statement signed by the Commission’s Executive Secretary, Ishmael Ackah.

The PURC indicated that the recent increase in utility prices to the Ghana Cedis/US Dollar exchange rate, inflation, electricity generation mix, and the Weighted Average Cost of Natural Gas (WACOG).

The PURC has assured consumers that it would continue to monitor and regulate utilities to ensure that they provide efficient and reliable services at reasonable prices.

It urged consumers to be mindful of their energy consumption habits to reduce their bills.

Read the document here:

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