Tag: PURC
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PURC has no excuse; electricity tariffs must go down – CUTS Ghana
The Public Utilities Regulatory Commission (PURC), will have no basis to reject calls for a reduction in electricity tariffs as long as the factors that determine the cost of generation in the electricity power mix have seen a drastic change. That’s according to a Research and Public Policy Think Tank, CUTS Ghana, which has officially…
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Reduce electricity tariffs to reflect current production cost – CUTS Ghana to PURC
A Research and Public Policy Think Tank is calling on the Public Utilities Regulatory Commission (PURC) to review electricity tariffs for all classes of electricity consumers to reflect the current cost of generation in the electricity power mix. “In the light of the falling prices of the key input fuel for power generation on the…
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Chamber of IPPs kick against gov’t’s plan to buy some of them with $2bn energy fund
The Chamber of Independent Power Producers, Distributors and Bulk Consumers [CIPDiB], wants the government to reconsider its decision to use a proposed two billion dollar energy sector fund to re-finance the existing debt and buy some Independent Power Producers. The Chamber contends that the move will not augur well for the country’s energy sector, as…
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Manufacturers to pass on increased tariffs to consumers—Chamber of Commerce warns
Manufacturers are likely to transfer to Ghanaians, the cost associated with the recent increase in electricity and water tariffs announced by the Public Utilities Regulatory Commission (PURC). That’s according to the Ghana National Chamber of Commerce and Industry (GNCCI). The Utility Services Regulator recently approved an 11.17 percent tariff increment for electricity and 8.1 percent…
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PURC hands major boost to industries following elimination of special tariff
The Public Utilities Regulatory Commission (PURC) has signaled a major policy shift that should see a reduction in the cost of electricity for industrial consumers of power. According to a statement issued the utility regulator, the maximum demand charge paid by industrial consumers has been eliminated effective July 1, 2019. The PURC described the move…
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PURC approves 11.17 percent increase in cost of electricity
The Public Utilities Regulatory Commission has approved more than 11 percent increment in the electricity tariffs to take effect on July 1, 2019. A press statement issued by the commission on Friday, June 21, 2019 stated that the increment was arrived at following the consideration of proposals from stakeholders including the Volta River Authority (VRA),…
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Kwame Pianim calls for 30 percent increase in electricity tariffs
Economist and Investment Consultant, Kwame Pianim has called for a thirty percent increase in electricity tariffs to help in correcting the books of all players within the energy sector with regards to the legacy debts. The comment comes at a time where the Public Utility Regulatory Commission is expected to announce major tariff decisions for…
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![[Article] Ghana’s fuel and utility prices set to anchor inflation for the rest of year](https://citibusinessnews.com/wp-content/uploads/2019/06/FNB-Logo.png)
[Article] Ghana’s fuel and utility prices set to anchor inflation for the rest of year
Following Ghana’s release of first-quarter fiscal numbers on June 3 that showed the government missed the budget deficit target, it drew the attention of investors as to whether it represented potential threat to inflation or currency stability. Ghana recorded a budget deficit of 1.6% of gross domestic product in the first three months of the…
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PURC maintains utility tariffs for 3rd quarter
The Public Utility Regulatory Commission (PURC) has maintained the electricity and water tariffs for the third quarter of this year [2018]. This means that between July and September this year, consumers will pay the same tariffs for electricity and water they purchase. A statement from the PURC to Citi Business News said it decided not…
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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…