[ 2015-03-26 ]

Electricity, water tariffs up by 2.63% and 1.06% respectively
Electricity tariff has gone up by 2.63%, the
Public Utilities and Regulatory Commission (PURC)
has announced.

Water tariff has also shot up by 1.06%.

The new prices will take effect from April 1,
2015.

“In calculating the tariffs for the second
quarter Automatic Adjustment Formula, the
Commission arrived at an actual increase of 31.73
cumulative for electricity and 21.30% for water.
However, the Commission using the Decision
Variable decided to pass on a minimal tariff
increase of 2.63% for electricity and 1.06% for
water,” the statement said.

It added: “This action has been necessitated by
the current electricity situation where consumers
are spending extra income on the acquisition of
other alternative sources of electricity.

“This increase is meant to preserve the current
load share situation by assisting the Electricity
Distribution Companies to maintain its network
under the current circumstances to avoid an
immediate collapse of the distribution
network.”

Factors considered in computing the Automatic
Adjustment Formula"

Ghana Cedis Exchange Rate

Inflation

Fuel Mix

Generation Mix(Hydro and Thermal)

Power Purchase Cost

Demand Forecast

Source - Starrfmonline

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