Electricity, Water up 69.2 and 67.2%

The Public Utility and Regulatory Commission has announced over 60 percent hike in electricity and water tariffs.

Electricity has been increased by 59.2 percent while water has been adjusted by 67.2 percent.

The increment follows recent nationwide public consultation for adjustment in utility tariffs.

Nana Yaa Jantuah, Director of Public Affairs of the Public Utility and Regulatory Commission said several factors including consumer interest, investor interest, economic development of the country, generation mix, availability of the service among others were considered before a decision was taken.

She added that the commission also considered the social impact and what a full cost recovery would have on certain category of consumers.

The latest increments takes effect December 14, 2015.