The Public Utility Regulatory Commission (PURC) is expected to hold a crucial meeting with utility service providers today, Wednesday on proposed tariff increment.<\/p>\n
The Electricity Company of Ghana had proposed that its tariffs be increased by 148% for 2022 and with 7.6% average adjustments between the periods of 2023 to 2026.<\/p>\n
The proposed sharp increment, according to ECG, is due to the gap between the actual cost recovery tariff and PURC-approved tariffs as well as the cost of completed projects.<\/p>\n
The Ghana Water Company, in a similar document, is also proposing an increment in its tariffs to be able to at least recover its operational cost.<\/p>\n
Some observers have said the amount consumers pay for electricity is woefully inadequate to sustain the operations of the ECG.<\/p>\n
These proposed increments are coming at a time of great controversy over high cost of living and worsening inflation.<\/p>\n
But the service providers maintain that the increment is necessary to keep them afloat.<\/p>\n
The GWCL argues that while the average tariff per cubic metre in 2019 was 1.27 USD, the same was reduced to USD 1.13 as a result of cedi depreciation.<\/p>\n
The GWCL argues that this has affected its ability to carry out repairs and replacements of aged and obsolete equipment and pipelines.<\/p>\n
For the GWCL, the current domestic tariff of GHS3.29 per cubic metre to consumers within 0-5 cubic metres is less than what the poor in rural areas pay, which is about GHS10.<\/p>\n
To justify its case for the increment, the Ghana Water Company Limited says it is saddled with a monthly loan payment of $7.93 million which is 47.15 percent of its average monthly revenue.<\/p>\n
The GWCL says it has no option but to recover the loans through tariffs.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Public Utility Regulatory Commission (PURC) is expected to hold a crucial meeting with utility service providers today, Wednesday on proposed tariff increment. The Electricity Company of Ghana had proposed that its tariffs be increased by 148% for 2022 and with 7.6% average adjustments between the periods of 2023 to 2026. The proposed sharp increment, […]<\/p>\n","protected":false},"author":8,"featured_media":21466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_post_source_name":"","_post_source_url":"","footnotes":""},"categories":[61,43,1],"tags":[7960,5059,7640,8051,7593,6672,7730,198,5800,192,12189,12818,4613,5227,6546,7225,6565,9833,10917,2678,2675,8383,9031,12244,6340,6004,7728,8869],"class_list":["post-21465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-local-news","category-news","tag-case","tag-cedi","tag-cedi-depreciation","tag-consumers","tag-controversy","tag-cost-of-living","tag-depreciation","tag-ecg","tag-electricity","tag-ghana","tag-ghana-water","tag-ghana-water-company","tag-ghana-water-company-limited-gwcl","tag-gwcl","tag-inflation","tag-loan","tag-loans","tag-meeting","tag-poor","tag-public-utilities-regulatory-commission-purc","tag-purc","tag-revenue","tag-tariff","tag-tariffs","tag-tarrifs","tag-usd","tag-utility","tag-water"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/21465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/comments?post=21465"}],"version-history":[{"count":0,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/21465\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media\/21466"}],"wp:attachment":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media?parent=21465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/categories?post=21465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/tags?post=21465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}