PURC hosts utility investment hearing ahead of Multi-Year Tariff Order implementation

The Public Utilities Regulatory Commission (PURC) has held a crucial investment hearing session as part of preparations for the next Multi-Year Tariff Order (MYTO), a regulatory framework that determines utility tariffs over a three-year period.

According to the acting Executive Secretary of PURC, Dr Shafic Suleman, the hearing is essential in shaping Ghana’s utility tariff structure.

Speaking to the media at the event which took place on July 8, 2025, he mentioned that the regulatory body, through the hearing, get to reassess regulated asset base of utilities.

“Today is the MYTO, that's the Multi-Year Tariff Order, which is scheduled to happen every three years. It’s built under the PURC framework, where we reassess the regulated asset base of the utilities to arrive at a total asset base that forms the foundation for quarterly tariff reviews,” he said.

Dr Suleman noted that the session was dedicated to allowing utility providers across Ghana to present their investment plans for the next three years.

He added that the Commission will review these proposals and prioritise the most critical areas to benefit both consumers and the utility sector.

“We invite all the utilities to come and make presentations to us so we understand their investment plans. The Commission listens, assesses, and locks in the relevant investments to guide future tariff adjustments.”

He emphasised that the process is part of a broader MYTO cycle that began earlier this year.

“It started in February with a preliminary investment hearing. Today marks the final phase where utilities present refined and complete investment templates following earlier guidance from the Commission,” he added.

He also admitted that initial submissions had inconsistencies, as many utilities failed to align with the standard PURC template. However, through re-engagement, most entities have now presented updated and compliant documents.

“The previous presentations were not in sync with the template, so we re-engaged them. Now, most of them have submitted well-completed templates,” he noted.

The MYTO process is critical to ensuring that utility tariffs in Ghana reflect actual investment needs while protecting the interests of consumers through transparent and data-driven regulation.

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