Electricity Tariffs To Reduce Ahead Of Christmas Season, Water Tariffs To Get Marginal Increase

Electricity Tariffs To Reduce Ahead Of Christmas Season, Water Tariffs To Get Marginal Increase

  • The Public Utilities Regulatory Commission has announced new power and water tariffs for Ghanaians
  • There were marginal changes in the tariffs for electricity and water for Ghanaian consumers
  • The PURC holds quarterly tariff reviews with its Rate Setting Guidelines for Quarterly Review of Natural Gas, Electricity, and Water Tariffs

The Public Utilities Regulatory Commission (PURC) has announced a 0.34% increase in water tariffs.

The commission has also said there will be a 1.52% decrease in electricity tariff from December 1, 2023.

PURC announces new tariffs
Electricity Tariffs will be reduced marginally. Source: Getty Images
Source: Getty Images

The commission said the cost of power and chemicals for water treatment, the forex situation and inflation contributed to the increase in water tariffs.

The PURC holds quarterly tariff reviews with its Rate Setting Guidelines for Quarterly Review of Natural Gas, Electricity, and Water Tariffs.

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In the previous increase, electricity tariffs rose by 4.22% for all non-lifeline residential customers, while there was a 1.18 % tariff increase for water consumers.

Ghanaians frustrated by utility hikes

YEN.com.gh reported that a TikTok user took to social media to share her frustration about how rent prices and various utility bills make life difficult for Ghanaians.

She took a jibe at the Electricity Company of Ghana and Rent Control Department, explaining that they are doing nothing to make lives more accessible for the locals.

How the high cost of living affects real estate

In an earlier story, YEN.com.gh wrote about how Ghana's high standard of living affects the real estate sector.

The typical Ghanaian finds life intolerable due to record inflation rates and cedi devaluation.

Every sector of the economy, including the real estate market, is negatively impacted by the high cost of living in the nation.

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Country Garden shares jump after China signals fresh support

If vital steps are not made to alleviate Ghana's economic situation, it will become more challenging for individuals to own or rent properties.

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Source: YEN.com.gh

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