The Public Utilities Regulatory Commission (PURC) has announced an upward adjustment in electricity and water tariffs.
The new adjustments will take effect on May 3, 2025, according to a statement issued by the PURC.
Electricity tariffs will increase by an average of 14.75%, while water tariffs will rise by 4.02%.
The revision follows the Commission’s quarterly tariff review process for the first and second quarters of 2025.
According to the PURC, the review aims to ensure stability for utility service providers while minimizing the financial impact on consumers.
The PURC revealed that the adjustments were approved due to factors such as the exchange rate between the Ghana cedi and the US dollar, inflation projections, fuel costs (particularly natural gas), and the current hydro-thermal generation mix.
It also highlighted the need to recover 50% of outstanding revenue, amounting to GH¢976 million, from previous quarters in 2024.
The PURC further explained that, as part of efforts to ease the burden on consumers, the remaining 50% will be spread over subsequent quarters in 2025.
Additionally, the tariff increases are necessary to address under-recoveries by utility companies, which, if unaddressed, could result in service disruptions.
Below is the full statement
Source: rainbowradioonline.com
