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2018 Budget: Electricity tariffs cut by 13%

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The Akufo-Addo-led government has reduced the cost of electricity in the country.

The 2018 budget statement presented to Parliament by Finance Minister Ken Ofori-Atta on Wednesday, 15 November, said: “Government in 2018, will work towards keeping the lights on at affordable rates to consumers, particularly industries and small businesses through reform and policy interventions over a two-year period.

“To give relief to the poor whose individual consumption falls in the subsidised life-line category but who live in a compound house, the existing 4-tier tariff classification of residential consumers will be collapsed into Lifeline and Non-Lifeline consumers in phases.

“On the basis of these interventions, if government recommendations to PURC are accepted, consumers will be expected to benefit from reductions in electricity tariffs. The expected average tariff reductions across various customer categories will be as follows:

“Residential has been reduced by 13 %, Non Residential 13%, Special Load Tariff- Low Voltage 13%, Special Load Tariff -Medium Voltage 11%, Special Load Tariff -High Voltage 14% and High Voltage Mines 21%.”

Source: Class FM

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