Effective today, October 1, 2024 consumers of both electricity and water would experience tariff increases to ensure regular supply of service.
This follows a new tariff approval by the Public Utilities Regulatory Commission (PURC) which will see electricity jump by 3.02 per cent and water up by 1.86 per cent across board for all customers.
The new tariff review was occasioned by changes in the exchange rate, inflation rate, cost of natural gas and electricity generation mix, among others.
A statement signed by the Executive Secretary of the PURC, Dr Ishmael Ackah, explained that the review, undertaken within the PURC Quarterly Tariff Review Framework, was to account for changes in key uncontrollable factors.
He said by incorporating changes in the values of these indicators in the quarterly tariff reviews the commission ensured that the real values of the tariffs were maintained to provide for the financial viability and ability of utility service providers to deliver on their mandate.