PURC in a crunch meeting with stakeholders on proposed utility tariff increase

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The Public Utility Regulatory Commission (PURC) is expected to hold a crucial meeting with utility service providers today, Wednesday May 11 on the 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, 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.

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.

Some observers have said the amount consumers pay for electricity is woefully inadequate to sustain the operations of the ECG.

These proposed increments are coming at a time of great controversy over high cost of living and worsening inflation.

But the service providers maintain that the increment is necessary to keep them afloat.

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