The Public Utilities Regulatory Commission (PURC) has announced an upward review of electricity and water tariffs for the first quarter of 2023.
The new tariffs, which take effect February 1, 2023, will push electricity up by 29.96 per cent across the board for all customers while water increased by 8.3 per cent.
A statement issued on Monday, January 16, 2023 and signed by the Executive Secretary of the PURC, Dr Ishmael Ackah, said the new tariff review was occasioned by exchange rate volatility, rising inflation, generation mix and weighted average cost of natural gas.
“The Commission therefore decided to increase the average end-user tariff for electricity by 29.96% across the board for all consumer groups (Table 1). The average end-user tariff for water has also been increased by 8.3% (Table 2). The Commission, however, approved varying rate adjustments including some reductions for selected industrial and commercial consumers as part of the ongoing restructuring of the existing water rate structure. ”
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