GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
No Result
View All Result
Home News

PURC Meets Stakeholders On 2018 Major Tariff Review

February 12, 2018
in News
Share on FacebookShare on Twitter

The Public Utilities Regulatory Commission (PURC) on Monday held a joint consultative meeting with utility service providers and stakeholders in Accra to collate views on the proposed tariffs submitted to it by the various providers for their operations in the next two years.

You Might Also Like

Two People Arrested in Connection with Death of X-Rated American IG Model, Tyger Booty

Ghana’s Parliament Erupts into Chaos as NDC MP whisks away Speaker’s seat

Cedi records highest depreciation against dollar in 36 weeks

The 2018 Major Tariff Review has already commenced by way of soliciting inputs from all stakeholders of the Commission and the public.

The Commission has subsequently received proposals from the Utility Companies: Volta River Authority (VRA); Ghana Grid Company Limited (GRIDCo); Electricity Company of Ghana (ECG); Northern Electricity Distribution Company (NEDCo); Ghana Water Company Limited (GWCL); Enclave Power Company (EPC), Ghana Chamber of Telecommunication, including the Government of Ghana.

Analysis of the received proposals is ongoing.

Speaking at the meeting, Mrs Mami Dufie Ofori, the Executive Secretary PURC, said the review was in line with the Commissions Act, which empowers it to initiate the process for the examination and approval of electricity and water tariffs for 2018.

She said the PURC was providing a platform to listen to the views of all stakeholders, including the utility service providers before taking a decision on the tariff.

The meeting is also to address issues of quality of service being rendered to consumers.

Already, government a major stakeholder, has given indication that it was seeking at least a 13 per cent reduction in tariff.

The Minister of Finance, Ken Ofori Atta in his presentation of the 2018 budget indicated that tariffs would go down by 13 per cent on the average for industrial users of power in line with government’s plans to reduce the cost of doing business.

Mr Ishmael Adjemkuhene, Chairman of the Technical Committee of the PURC, said the consultative meetings were to reinforce the goal of tariff as a tool for development.

He said the PURC would consider all the proposals to enable it to strike a deliberate balance between the challenges being faced by the utility service providers and the consumers.

In its presentation, the Electricity Company of Ghana, which is seeking 36 pesewas per kilowatt/hours from 22 pesewas, said an increase was necessary to enable it to meet its obligations to the generators of electricity.

Mr. Ebenezer Baiden, General Manager for Regulatory and Governmental Affairs, said an increased tariff would help meet operations cost, private power producers cost, fuel cost and other expenses.

On its part, the Ghana Water Company is seeking an increased tariff to enable it to expand coverage by making an annual investment of $400 million to be able to close the supply and demand gaps.

The increase tariff if granted would also ensure the support for equipment and replacement of pumps and motors.

The Ghana Grid Company is seeking an increase in its transmission charge from 5 pesewas to 6 pesewas per Kilowatt hours to enable it to meet its fixed cost as well as the variable cost.

Meanwhile, the Ghana Trades Union Congress said while it knew the importance of the tariff review, the PURC must ensure that it considered the proposals based on affordability and prudent cost.

Mr Kwabena Otoo, the GTUC representative, said the Congress was expecting at the conclusion of the review exercise, a 20 per cent reduction in tariff.

Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.

Tags: accraBusiness_FinancechairmancongressEbenezer BaideneconomyElectric ConstructionElectric powerelectricityElectricity CompanyEnclave Power CompanyenergyEPCExecutive SecretaryGeneral Manager for Regulatory and Governmental AffairsghanaGhana Grid Company LimitedGhana Water Company Limited.Government of GhanaGTUC representativeIshmael AdjemkuheneKen Ofori-AttaKwabena OtooMami Dufie OforiMinister of FinanceNorthern Electricity Distribution CompanypoliticsPricingPublic Utilities Regulatory CommissionTariffTariff ReviewTechnical CommitteeVolta River AuthorityWater supplyWater tariff

Related News

Two People Arrested in Connection with Death of X-Rated American IG Model, Tyger Booty

Two People Arrested in Connection with Death of X-Rated American IG Model, Tyger Booty

by ghanastar
January 2, 2022
0

The Ghana Police Service has announced the arrest of two persons in connection with the death of Julie Diane Williams,...

Ghana’s Parliament Erupts into Chaos as NDC MP whisks away Speaker’s seat

Ghana’s Parliament Erupts into Chaos as NDC MP whisks away Speaker’s seat

by ghanastar
December 1, 2021
0

Ghana's Paliament on Wednesday erupted into chaos with minority and majority members shoving and pushing each other. The heated confrontation...

Cedi records highest depreciation against dollar in 36 weeks

Cedi records highest depreciation against dollar in 36 weeks

by ghanastar
December 1, 2021
0

The local currency is back into free-fall mode against its major counterpart trading currency, the US dollar, as it records...

Meet Paul Mensah – the Ghanaian-Born Engineer Who Led Pfizer Team to Develop COVID-19 Vaccine

Meet Paul Mensah – the Ghanaian-Born Engineer Who Led Pfizer Team to Develop COVID-19 Vaccine

by ghanastar
March 11, 2021
0

Ghanaian-born Paul Mensah is a chemical engineer and the vice president of the bioprocess research and development group at Pfizer...

Next Post

GHS Dispels Lassa Fever Outbreak Scare

Financing Gaps Reducing Potentials of SMEs - Consultant

Trending News

Emma M’eni Nwu, Emma M’atamfo Nsere Me(Kyere Me W’akwan)

August 20, 2016

Kept By The Power Of God

August 20, 2016

My Hands Are Blessed

August 20, 2016

About

Read today's latest news headlines from Ghana and Africa. Stay up to date on local business, sports, crime, politics, arts, culture, and more.

Categories

  • Africa & World
  • African Music Lyrics Directory
  • Business
  • Business Directory
  • celebrities
  • Computing
  • Diaspora
  • Entertainment
  • Events
  • Feature
  • Featured
  • Ghana Elections 2016
  • Headlines
  • Health
  • International
  • Internet
  • Jobs
  • lifestyle
  • Music
  • News
  • Offbeat
  • Opinion
  • Politics
  • Profiles
  • Religion
  • Security
  • Seth Terkper
  • Smart Home
  • Social Networks
  • Sports
  • Technology
  • Top Stories
  • World News

Tags

accra addo africa Association football Banks - NEC business Business_Finance chairman Donald Trump economy education Entertainment_Culture environment Geography of Africa ghana Ghanaian people government Government of Ghana Human Interest John Dramani Mahama john mahama Law_Crime mahama minister MPs elected in the Ghanaian parliamentary election Nana Addo Nana Addo Dankwa Nana Akufo-Addo National Democratic Congress National Democratic Congress (NDC) New Patriotic Party New Patriotic Party (NPP) nigeria politics Politics of Ghana president Social Issues Social Media Social Media & Networking sports United Kingdom United Nations United States Vice President War_Conflict

Recent Posts

  • Suicide at Aburi Botanical Gardens: Man Found Dead
  • Ghanaian-American Family Suspects Cover-up in Son’s Death at Fort Rucker Military Base in Alabama US
List of Ghana Holidays for 2020
Ghana Geocoding
Ghana Cedis Exchange API
Ghana Maps Service
Toyota Cars Auto Auction History
  • African Music Lyrics Directory
  • Business Directory
  • Diaspora
  • Top Stories

All rights reserved © 2021 GhanaStar.com

No Result
View All Result
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music

All rights reserved © 2021 GhanaStar.com