Tag: PURC
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Adopt a graduated approach to debt recovery – Govt to PURC
The Government has urged the Public Utilities Regulatory Commission (PURC) to defer at least 35% of the next electricity tariff adjustment owing to the current economic challenges faced by Ghanaians. Ahead of the PURC’s expected quarterly adjustment of electricity tariffs, Government Officials are reported to be impressing the regulator to be measured in its efforts…
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CPA threatens legal action to demand favorable tariff prices
Consumer Protection Agency is calling on the Public Utility Regulatory commission (PURC) to announce a favorable adjustment of utility prices in the interest of consumers in its second quarter announcement for 2023. The PURC on 1st February increased utility tariffs for water and electricity by 29.96 percent and 8.3 percent respectively. The CPA maintains that…
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AGI urges Govt. to effect favorable business policies
The Association of Ghana Industries (AGI) is calling on government to ensure policies implemented do not stagnate macro-economic growth in the country. This call comes on the back of the implementation of the upward quarterly tariff adjustment by the Public Utility Regulation Commission on February 1. Speaking at a media briefing in Accra, the Chief…
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PURC’s reasons for 2023 tariff increment baseless – IES
The Institute for Energy Security (IES) has taken a dig at the Public Utilities Regulatory Commission (PURC) following the increment in utility prices. The IES in a statement described the announcement as baseless. PURC early this week announced an increment in electricity prices by about 30% and 8.3% for water effective February 1, 2023. The…
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Tariff Increment: PURC urged to ensure consumers get value for money from electricity usage
The Chamber of Independent Power Producers Distributors and Bulk Consumers, has charged the Public Utilities Regulatory Commission PURC to ensure consumers get value for their money. This comes after the Public Utilities Regulatory Commission (PURC) announced a 27.15% increase in tariff for electricity and 21.55% increase in water tariff effective September 1, 2022. Commenting on…
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Utility tariff adjustment must favour industries, sustain business growth – GNCCI
As the Public Utilities Regulatory Commission (PURC) engages stakeholders on electricity tariff adjustment in the face of current economic challenges, the Ghana National Chamber of Commerce and Industry (GNCCI) says any adjustment must favour industries. According to the GNCCI, further increases, particularly in energy cost, will be detrimental to the private sector. The GNCCI notes…
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CUTS International justifies calls for review of utility tariffs
Think tank, Consumer Unity and Trust Society (CUTS) International, has backed the push for a review of utility tariffs by the Electricity Company of Ghana and the Ghana Water Company Limited. The Think Tank, however, maintains that there is the need to speedily address the inefficiencies within the system to make the companies sustainable. CUTS…
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ECG proposes 148% increase in electricity tariff for 2022
The Electricity Company of Ghana wants tariffs to be increased by 148% for 2022 and with 7.6% average adjustments between the periods of 2023 to 2026. The sharp proposed increment, according to ECG, is due to the gap between the actual cost recovery tariff and PURC-approved tariffs as well as the cost of completed projects.…
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Upward review of utility tariffs will adversely affect businesses – CUTS International
Civil Society Organisation, Consumer, Unity and Trust Society, CUTS International, says any upward adjustment of electricity tariffs in the country, will push businesses away from settling in the country. Their call follows a request by the Electricity Company of Ghana and the Ghana Water Company Limited for the Public Utilities Regulatory Commission to increase tariffs…
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Timing for proposed increment in electricity tariffs wrong – Consumer Protection Agency
The Chief Executive Officer of the Consumer Protection Agency, Kofi Kapito, says any possible increment in electricity tariffs would be ill-timed. Though he acknowledged the need for an increase in tariffs, he has instead urged the Public Utility Regulatory Commission (PURC) to focus on seeking compensation for customers who have lost electrical gadgets due to…