The Public Utilities Regulatory Commission’s (PURC) Executive Secretary, Dr. Ishmael Ackah, made this announcement in Accra.
On the sidelines of the consumer service clinic held in Kumasi today, Friday, 2 September 2022, Dr. Ackah said to Class News’ Elisha Adarkwah that the utility firms would have found it challenging to operate in the future if the rates were not raised.
He claimed that due of the exchange rate, both the Ghana Water Company and the Electricity Company of Ghana were losing money.
Therefore, he begged the public to be understanding and pay the new costs so that the businesses could function properly and provide better service.
On Thursday, September 1, 2022, the energy and water rates were raised by 27.15% and 21.55%, respectively.
Consumers in the lifeline range of 0-50 kilowatt-hours are not included in the power rate change. This indicates that the lifeline tariff for power users, which is currently 9.5 pesewas per kilowatt-hour, would not change.
Consumers in the residential category, which includes units between 51 and 300, are subject to a rise of 7% per kilowatt-hour, or 17.07 pesewas as compared to the previous rate of 15.95 pesewas/kwh.
In order to address the negative movement of external factors that affect tariffs and to lessen the financial burden on consumers associated with one-time tariff adjustments while also ensuring the financial stability of the utilities, the PURC reintroduced the automatic adjustment formula.