• About
  • Advertisements
  • Terms of Use
  • Contact
Tuesday, July 8, 2025
The Sikaman Times
Advertisement
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus
No Result
View All Result
The Sikaman Times
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus
No Result
View All Result
The Sikaman Times
No Result
View All Result

PURC cuts electricity tariff by 6.56% for certain residential consumers; lifeline tariff maintained

by Eunice Dacosta Gyebi
February 29, 2024
Electricity tariffs increase by 4.22%; water,1.18%

Executive Secretary of PURC, Dr. Ishmael Ackah

ShareTweetSendShareSend

As part of the Public Utilities Regulation Commission’s (PURC) quarterly tariff review mechanism, some reforms have been made on electricity tariffs, which are to take effect from April 1, 2024, to June 30, 2024.

In a press release dated February 27, 2024, the PURC explained that to provide effective services for its consumers, there was a need to make new reforms to the tariffs.

The Commission further revealed some uncontrollable factors like the generation mix, exchange rate, inflation, fuel prices, living conditions of Ghanaians, and competitive industries that influenced these new reforms.

“These reviews are undertaken mainly to maintain the real value of the tariffs, thereby keeping the utility service providers financially viable to enable them to deliver on their services to consumers.”

“Having considered all the underlying factors, the Commission wishes to announce that there will be no change (0%) in the electricity tariffs for lifeline consumers (0–30 kWh) as well as for residential consumers within the consumption bracket of 0-300 kWh,” it stated.

The statement added that there will be an average reduction on 301 kWh consumption of 6.56% and above for residential consumers, whereas there will be no change in tariffs for non-residential class consumers who consume electricity within 0-300 kWh.

“However, consumers within 301 kWh and above will experience an average reduction of 4.98%,” it hinted.

Touching on tariff bands, PURC emphasised the reduction of residential tariff bands from four to three, indicating that it will ease the implementation and interpretation of approved tariffs for consumers as well as make metres affordable to consumers.

There has also been a reduction of 4.88% on the Special Load Tariff, Low Voltage (SLT-LV), and a reduction in the non-residential bands to two bands.

“Customers in the 0-300kWh range will experience no change, while customers who consume over 300kWh will experience a tariff reduction of 4.98%.”

“The Commission has also merged the high voltage, medium voltage, and steel companies into one band, now paying GHS 1.5252/kWh, leading to a 4,72% point reduction in the tariff of the high voltage consumers,” it mentioned.

However, the water tariff under the quarterly review remains the same for all customer classes.

*****
Never miss out on the news. Get your valuable breaking news and other vital content by following The Sikaman Times on WhatsApp Channel

*****

Advertisement Advertisement
Tags: FeaturedPublic Utilities Regulatory CommissionPURC
ShareTweetSendShareSend
Previous Post

Parliament passes anti-LGBTQ+ bill

Next Post

Passage of anti-LGBTQ bill disappointing – Prof. Gadzekpo

Related Posts

Ernest Yaw Kumi, Akwatia MP, dies at 41
General

Ernest Yaw Kumi, Akwatia MP, dies at 41

July 7, 2025
Rosemond Obeng aka People's Mother, according to her Facebook page
General

Ex-Bawumia campaign staffer appointed as presidential staffer?

July 7, 2025
Mahama vows stricter lease terms to boost local mining benefits
Education

“Education should not be a privilege” – Mahama launches free tertiary fees for first-year students

July 7, 2025
Dr. Johnson Asiama
Banking & Finance

Reconstituted Financial Stability Council holds first meeting to review sector resilience

July 7, 2025
Nana Agradaa
General

‘Evangelist’ Agradaa sentenced to 15 years for fraudulent money doubling scheme

July 3, 2025
Demo would have been justified if EC failed to act on your evidence – NPP tells NDC
General

NPP to challenge EC’s Ablekuma North rerun in court

July 3, 2025
Next Post
Passage of anti-LGBTQ bill disappointing – Prof. Gadzekpo

Passage of anti-LGBTQ bill disappointing - Prof. Gadzekpo

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Ernest Yaw Kumi, Akwatia MP, dies at 41

    Ernest Yaw Kumi, Akwatia MP, dies at 41

    5 shares
    Share 2 Tweet 1
  • Ex-Bawumia campaign staffer appointed as presidential staffer?

    3 shares
    Share 1 Tweet 1
  • Reconstituted Financial Stability Council holds first meeting to review sector resilience

    1 shares
    Share 0 Tweet 0
  • ‘Evangelist’ Agradaa sentenced to 15 years for fraudulent money doubling scheme

    2 shares
    Share 1 Tweet 1
  • “Education should not be a privilege” – Mahama launches free tertiary fees for first-year students

    0 shares
    Share 0 Tweet 0
The Sikaman Times

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Browse by Category

  • Africa
  • Ahafo
  • Art & Entertainment
  • Arts & Entertainment
  • Ashanti
  • Aviation
  • Banking & Finance
  • Bono East
  • Brong Ahafo
  • Business
  • Business
  • Central
  • Communication
  • Culture
  • Eastern
  • Economy
  • Education
  • Entrepreneurship & Local Business
  • Exclude
  • Features
  • General
  • Ghana
  • Greater Accra
  • Health
  • Health
  • International
  • International Trade
  • Lifestyle
  • Lifestyle
  • Media
  • National
  • News
  • North East
  • Northern
  • Oil & Gas
  • Oti
  • Politics
  • Politics
  • Real Estate
  • Regional
  • Relationship
  • Relationship
  • Religion
  • Savannah
  • Social
  • Social
  • Sports
  • Sports
  • Technology
  • Trade
  • Transportation
  • Uncategorized
  • Upper East
  • Upper West
  • Volta
  • Western

Recent News

Ernest Yaw Kumi, Akwatia MP, dies at 41

Ernest Yaw Kumi, Akwatia MP, dies at 41

July 7, 2025
Rosemond Obeng aka People's Mother, according to her Facebook page

Ex-Bawumia campaign staffer appointed as presidential staffer?

July 7, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

About Us

© 2024 - The Sikaman Times

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus

About Us

© 2024 - The Sikaman Times

QUICK LINKS

About

Privacy Policy

Terms Of Use

Advertisement

Contact

FOCUS

Ghana

Africa

International

CATEGORIES

General News

Business

Opinions

Politics

Technology

EXTRAS

Sports

Entertainment

Health & Wellness

STAY CONNECTED

Facebook Twitter Youtube Instagram Linkedin

© COPYRIGHT 2022-2025
The Sikaman Times