The Public Utilities Regulatory Commission (PURC) has announced a 6.5 percent reduction in electricity tariffs for residential consumers using up to 301kWh of electricity.
The PURC, in a statement dated February 27 noted that there will be no change (0%) in the prices paid by lifeline consumers (0–30 kWh) as well as residential consumers within the consumption bracket of 0-300 kWh.
The reduction, which will take effect from April 1 to June 30, 2024, is intended to relieve the financial burden on consumers in this consumption band.
“Tariffs within the 0-300kWh for non-residential class of consumers remains the same with no change in their rates. However, consumers within 301kWh and above class will experience an average reduction of 4.980/0,” it said.
The statement further stated, “There will however be an average reduction in electricity tariffs of 6.5% for residential consumers within the consumption bracket of 301kWh and above.”
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“However, consumers within 301kWh and above class will experience an average reduction of 4.98%,” the statement added.
In addition, the Commission clarified that water tariffs for all categories will remain unchanged.
The move by the Commission also forms part of its 2024 first-quarter review decision for electricity, natural gas, and water.
As part of its November 2023 fourth-quarter pricing review, the PURC announced a 0.34% increase in water tariffs and a 1.52% decrease of electricity tariffs, effective December 1, 2023.
The water rate for residential customers increased from GHS/m³ 4.72 to 4.74, while non-residential consumers climbed from GHS/m³ 14.13 to 14.19.
Water sachet producers’ tariffs have increased from GHS/m³ 22.26 to 22.34, while industrial consumers’ tariffs will increase from GHS/m³ 25.29 to 25.38.
Read the full statement below:
