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JUST IN: Utility Tariffs Up; 27.15% For Electricity, 21.55% For water



The Public Utilities Regulatory Commission (PURC) has approved a 27.15 per cent increase in electricity and 21.55 per cent increase in water.

The new tariffs take effect September 1, 2022, The PURC announced this Monday morning.

Electricity tariffs which goes up by an average 27.15 per cent while water consumers will pay an average of 21.55 per cent more under the new tariffs, Dr Emmanuel Annan, Chairman of PURC, told a press conference on Monday.

The adjustment in the electricity tariffs excludes consumers in the lifeline bracket of 0-50 kilowatt-hour. This means that that the lifeline tariff for electricity consumers remains unchanged at the rate of 9.5 pesewas per kilowatt-hour.

However, consumers in the residential category of between 51-300 units have an increase of seven per cent per kilowatt-hour, which translated into 17.07 pesewas, up from the existing 15.95 pesewas/kwh.

Dr Annan said apart from increase in the world market price of crude oil from $90 per barrel in the first quarter to $115.4 per barrel in the third quarter, there was also inadequate level of natural gas for generating electricity through thermal sources, leading to a high dependency on crude for generation.
He said the approved tariff was intended to support thermal power producers to procure the needed cargoes of light crude oil to generate electricity.



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