Water, electricity tariffs up for Q3 2024

The Public Utilities Regulatory Commission (PURC) has announced an upward adjustment in electricity and water tariffs for the third quarter of 2024 with a 3.02 per cent increase in electricity and a 1.86 per cent rise in water, set to take effect from October 1.
In a statement issued on Saturday, 28 September 2024, the Commission cited factors such as inflation, fluctuations in the exchange rate, and changes in gas prices as the main drivers behind the decision.
The tariff adjustments will affect all categories of consumers nationwide.
“Following the quarterly tariff review, the Commission wishes to inform the public that there will be a 3.02 per cent increment in electricity tariffs and a 1.86 per cent increment in water tariffs for the Third Quarter of 2024 for all categories of customers,” the statement read.
The PURC explained that the decision was made with careful consideration of Ghana’s ongoing economic challenges and their impact on living standards.
The Commission balanced these factors with the need to maintain the competitiveness and sustainability of industries amidst rising costs.
Key parametres considered in the review included the inflation rate, the exchange rate, and the Weighted Average Cost of Gas (WACOG) over the projected third quarter, the PURC noted
Source: classfmonline.com
Trending Business
President Mahama launches major youth employment initiatives: Adwumawura and National Apprenticeship programme
11:25IMF boss applauds Ghana’s economic turnaround under Mahama administration
03:35NIB MD champions community-led development at Kwahu Business Forum
03:14IACG targets 1,000 market traders and artisans in the Western and Western North Regions as part 2025 micro business clinics
10:28Basintale blocks renewal of Zoomlion's contract if salary remains GH¢250
13:14MDF forum pushes for mineral revenues to benefit mining communities
09:38MPs assure Zoomlion of gov't's prompt debt settlement
11:24GoldBod begins licensing of gold trading service providers
11:48President Mahama appoints Capt. James Richmond Quayson as the Director of Takoradi Port
13:10Replicate Kwahu Business Forum nationwide- UCC don to Mahama
09:27