The Public Utilities Regulatory Commission (PURC) says it has initiated process to examine and approve the electricity tariffs for the 2022-2027 multi-year tariff.
A statement by PURC says the examination is in accordance with the Public Utilities Regulatory Commission Act, 1997 (Act 538).
This comes after the Electricity Company of Ghana (ECG) has sent a 148% upward adjustment proposal to the Public Utilities and Regulatory Commission (PURC).
ECG wants the PURC to increase electricity tariffs by up to 148 per cent covering 2019 to 2022.
A statement from ECG indicated that result of ECG’s tariff proposal for the next five years shows an approximately 148% increase on the current DSC1 in 2022 and an average increase of 7.6% year on year from 2023 to 2026.
“The result of ECG’s tariff proposal for the next five years shows an approximately 148% increase on the current DSC1 in 2022 and an average increase of 7.6% year on year from 2023 to 2026. The high increase in the DSC1 for year 2022 could be attributed to the gap that has developed over the years between the actual cost recovery tariff and the PURC approved tariffs as well as the cost of completed projects”, the statement from ECG read.
Similarly, Ghana Water Company limited also sent over 300% upward adjustment proposal to the PURC.
In a statement dated 11th May 2022, the PURC said the commission is yet to analyze the tariff proposals and that it has not taken any decision on any of the submissions.
“The commission is committed to engaging other stakeholders including the media, Parliamentary Select committee on mines and energy, civil society organizations, Religious groups, Acadamia, organized labour and the public amongst others in the coming week.
“The commission assures the general public that the tariff determination process will be transparent, inclusive and participatory,” excerpts of the statement from PURC read.
Read full statement below:
Ghana | Atinkaonline.com | Vivian Adu