The General public Utilities Regulatory Fee (PURC) has permitted an 11.17% tariff increase for electricity from July 1.
PURC explained in a press release on Friday that the enhance is for the recovery of overall energy income necessity for the controlled electricity market place.
“In using the previously mentioned decisions, the Fee obtained and thought of tariff proposals from stakeholders such as the pursuing utility provider suppliers in the electricity and drinking water sectors: Volta River Authority (VRA), Ghana Grid Business Minimal (GRIDCo), Electrical energy Company of Ghana (ECG), Electrical power Distribution Services (PDS) Ghana Limited, Northern Electrical power Distribution Organization (NEDCo) and Enclave Energy Company Constrained (EPC).
“In line with the Commission’s regulatory oversight mandate, considerable technological and economical analyses of the proposals had been carried out. The key aim of the tariff evaluation was to sustain the financial viability of utility services suppliers as perfectly as guaranteeing shipping and delivery of good quality service to buyers,” the PURC reported.
According to the Commission, as a significant coverage change aimed at improving the competitiveness of Ghanaian industries, it has eradicated the Optimum Demand from customers Demand on industrial consumers (Particular Load Tariff-SLT Buyers). It is anticipated that this policy will final result in some 5LT clients encountering discounts in their total electric power expenditures.
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“This 2019-2020 Main Tariff Overview Selection is the end result of prudent cost critique and powerful monitoring carried out by the Commission. Aspects of the authorised energy tariffs and the rationale for the determination will be printed on the Commission’s web site,” the statement introduced.
The Fee has also received a tariff proposal from the Ghana H2o Enterprise Confined (GWCL) but is but to announce its final decision.
In February this calendar year, the PURC announced that the new electricity tariff would acquire outcome from July 1, 2019, next a mandatory main tariff assessment consultations in January this yr.
In a press statement issued on February 27, 2019, the Commission stated that its final decision to postpone the announcement of the tariff to July was due to significant rising issues in the sector which are anticipated to have an affect on the last tariff placing.
Among others, it cited the rising challenges are linked to the planned relocation of the Karpowership Plant ensuing in gasoline swap personal savings from Weighty Fuel Oil (HFO) to Pure Gas.
The Fee also cited reductions in the selling price of all-natural gasoline are anticipated owing to ongoing negotiations by the governing administration as the cause for the postponement.
These issues are outside the house the purview of PURC but their outcomes are possible to have a measurable impression on the Commission’s conclusion.