PURC reduces electricity tariffs; 17.5% for homes, 30% for businesses

PURC reduces electricity tariffs; 17.5% for homes, 30% for businesses

- The Public Utilities Regulatory Commission (PURC), has announced a general reduction in electricity tariffs effective March 15, 2018

- The latest reduction will see residential customers enjoy a 17.5% reduction, while non-residential customers will see tariffs cut by 30%

The PURC has announced a 17.5% and 30% reduction in electricity tariffs for residential and non-residential users respectively.

The new directive which takes effect March 15, 2018, will also see the mines enjoy 10% reduction, with special load tariff customers also enjoying 25% reduction.

PURC reduces electricity tariffs; 17.5% for homes, 30% for businesses

PURC approves electricity tariff cuts

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According to a statement issued on Monday and signed by the Executive Secretary of PURC, Mami Dufie Ofori, the reductions are based on the PURC’s Gazetted 2015 tariffs and are only based on energy charges.

The PURC after extensive stakeholders’ consultations, detailed technical analysis of utility tariff proposals and consideration of inputs and concerns of consumers, has approved tariff reductions for various electricity consumer categories, effective 15th March 2018.”

The Commission also noted that the decision was arrived at after extensive consultations with stakeholders in the sector, as well as detailed analysis of proposals tendered in by companies in the power distribution chain.

The regulator further noted that the reduction will ensure an efficient and equitable tariff regime.

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It will be recalled that President Nana Akufo-Addo in January while addressing the national association of beauticians and hairdressers reiterated government’s commitment to reduce electricity tariffs.

The Commission, however, failed to reduce water tariffs. “Review of water tariffs require further consultations and the Commission is unable to announce a decision at this time. Water tariffs therefore remain the same and a decision will be taken in the coming weeks,” the statement added.

Meanwhile, NDC Member of Parliament for Bongo, Edward Bawa, has urged the PURC not to yield to any government pressure in reducing the tariffs beyond realistic margins.

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“I appreciate the enormity of the task before the PURC. Particularly as the Government, led by no less a person than the President of the republic, has been breathing down the Commission’s neck to ensure that an electoral promise is fulfilled even if it is at the peril of the Power Sector. The Commission must be bold and stand up to bullying government and place the long-term interest of the state above a political party’s interest,” he said in a statement.

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