Tag: ECG
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Private companies to start selling electricity in Ghana by 2023
The Electricity Company of Ghana (ECG) has stated that the retail of power to domestic homes will be opened up to private distribution companies in 2023. By this, the Power Distribution Services (PDS) will not be the only company supplying electricity to domestic consumers. The move is aimed at creating competition to help make the…
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IES raises concern as PURC, ECG delay major policy decision making
The Institute of Energy Security, IES, is warning that the technical and operational challenges within the ECG may escalate if the process for the handing over to the Power Distribution Services (PDS) is delayed any further. The IES also wants the PURC to be swift in announcing the new tariffs as the delay is impacting…
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Underpricing ‘killing’ utility providers in sub-Saharan Africa – World Bank
The World Bank has identified under pricing as the biggest threat to the survival of utility companies providing electricity, in sub-Saharan Africa. As a result, the Bank is predicting of a possible drop in private sector participation to improve operations of such companies if the situation remain unresolved. The World Bank attributes the worrying impact…
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Meralco must turnaround ECG – KITE
The Kumasi Institute of Technology and Environment (KITE), is anticipating positive growth in the power sector with the coming on board of a new consortium under the power compact two agreement. It follows the selection of Meralco Consortium by the Millennium Development Authority (MiDA) to manage the Electricity Company of Ghana [ECG]. According to the…
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New electricity bills to start with second purchase in April – ECG
It is emerging that the much anticipated reduction in electricity tariffs may take a bit longer than expected. This is because the Electricity Company of Ghana (ECG) has explained that the reduction will only reflect on the bills of consumers when they make their second purchase of credit for electricity for April. The latest also…
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ACEP demands clarity on basis for reducing electricity tariffs
The African Center for Energy Policy (ACEP) is urging the Public Utilities Regulatory Commission (PURC) to provide details on factors that influenced the margin of reduction in electricity tariffs. ACEP argues its analysis proves that only the transmission service charge has been reduced while the bulk generation and distribution service charges have gone up for…
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ECG rolls out tariff reduction from today
From today, April 1, 2018, consumers should be paying less for the electricity they consume as the ECG begins the implementation of the reduction in tariffs announced in March this year. The Public Utilities Regulatory Commission (PURC) on March 5, 2018, announced a reduction in electricity tariffs of between 17 and 30 percent for residential…
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Red flags over local content in ECG as bidders submit proposals (Audio)
Ghana could be losing significant benefits from the power sector in the absence of a local partner for the concessionaires bidding to assume management of the Electricity Company of Ghana (ECG). This is the concern of Policy Analyst with ISODEC, Dr. Steve Manteaw. His argument follows the submission of proposals by two companies bidding for…
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Bidders for ECG concession drops to two
Citi Business News can confirm that the number of bidders for the private sector participation in the Electricity Company of Ghana (ECG) has dropped to two. The latest follows the close of submission of request for proposals today, March 26, 2018. A statement from the Millennium Development Authority (MiDA) and copied to Citi Business News…
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Businesses track ECG on reimbursement promise
Businesses are expecting that the Electricity Company of Ghana (ECG) would live by its assurance of implementing the reduction in electricity tariffs from the 1st of April as announced. Even though the reduction has been initially scheduled to take effect today, ECG maintains consumers should see it reflect from next month due to the monthly…