The Public Utilities Regulatory Commission (PURC) has announced an upward adjustment in the average end-user tariff for electricity by 14.75%, and a 4.02% increase in water tariffs across the board for all categories of consumers.
In a statement, the Commission justified the decision, stating that the adjustment is in line with its quarterly tariff review mechanism, as outlined in its rate-setting guidelines for the periodic adjustment of natural gas, electricity, and water tariffs.
According to the Commission, the adjustments are driven by four key variables: the Cedi/US dollar exchange rate, inflation, electricity generation mix, and the cost of fuel (mainly natural gas) in electricity production.
The move, the Commission explained, is intended to avoid both over-recovery and under-recovery of revenues.
