PURC Reduces Electricity Tariffs By 6.56% For Some Residential Consumers

• The Public Utilities Regulatory Commission has announced a reduction in electricity tariffs
• The commission said the tariff reduction of 6.56% will benefit some sections of residential consumers
• The commission also said there would be no change in water tariffs after its most recent review

The Public Utilities Regulatory Commission has announced a reduction in electricity tariffs for residential consumers.

Tariffs paid by lifeline consumers, i.e. persons who consume less than 30 kWh and residential consumers within the consumption bracket of 0-300 kWh will remain unchanged.

The commission said the tariff reduction of 6.56% will benefit residential consumers within the consumption bracket of 301 kWh and above.

The commission said water tariffs for all consumers would remain unchanged, according to a media release.

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In its previous review, the Public Utilities Regulatory Commission announced a 0.34% increase in water tariffs.

The commission also announced a 1.52% decrease in electricity tariff from December 1, 2023, after some previous frustration from Ghanaians.

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.

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

A TikTok user took to social media to share her frustration about how rent prices and 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.

Source: YEN.com.gh