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Mami Dufie Ofori, the Executive Secretary of the Public Utilities Regulatory Commission (PURC) has said the PURC is committed to ensuring effective tariff monitoring programme aimed at providing the end user improved quality of service.
Her comments follow the upward adjustments of water and electricity tariffs expected to take effect on Tuesday October 1, 2019, as announced by the PURC in a statement on Monday 30th September, 2019.
The statement signed by Mrs Dufie Ofori, E said: “Following a review of Electricity and Water tariffs for the fourth quarter 2019 which is from October – December 2019, the Public Utilities Regulatory Commission wishes to announce for the information of consumers of electricity and water that there has been an upward adjustment in the existing tariffs. The increase is 5.94% for electricity tariffs and 2.22% on water tariffs across board for all customer categories effective October 1, 2019.
“The Automatic Adjustment Formula (AAF) is a tariff mechanism that seeks to track and incorporate movement in key determining factors to reflect the real cost of electricity and water quarterly.
“The following factors were considered in computing he automatic adjustment formula
Ghana Cedi-US dollar Exchange rate
Inflation
Price of crude and natural gas
Fuel mix (crude, oil and natural gas
Generation mix (hydro and thermal)
Power purchase cost
Electricity cost (a major cost component in water production)
The Commission said it “however wishes to restate its commitment to embark on effective tariff monitoring programme aimed at providing the end user improved quality of service.”
