Electricity Bills Go Up Again: PURC Raises Tariffs For Average Consumers By 4.22 Per Cent

• The Public Utilities Regulatory Commission has raised electricity tariffs by 4.22% for average consumers
• The commission has also raised water tariffs by a marginal 1.18% for most consumers
• Residential consumers who consume utilities the least will not be affected by the tariff hikes

The Public Utilities Regulatory Commission (PURC) has raised electricity tariffs by 4.22% for all non-lifeline residential customers.

This hike followed a review carried out in the third quarter of 2023 by the PURC.

According to the commission, the tariffs were increased to ensure that the value of the cost of providing utility services is maintained.

The new tariff structure, however, maintains the existing rates for lifeline customers, as well as for industrial customers and non-residential entities like salons.

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Regarding water tariffs, the lifeline customers will also benefit from a freeze on tariff increases.

However, for all other categories of water consumers, the PURC has approved a 1.18 percent increase in tariffs.

The commission has ensured consistent hikes in tariffs since September 2022.

These increases came amid a cost-of-living crisis.

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 easier 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 is finding life intolerable due to record rates of inflation and cedi devaluation.

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

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

Source: YEN.com.gh