The Public Utilities Regulatory Commission (PURC) on Friday announced an increase in the tariff for electricity and for water effective 1 July 2024. According to the Commission, there will be a 3.45% increase in electricity tariffs for lifeline consumers (0-30kWh); a 5.84% increase for all other residential consumers who are not part of the lifeline category bracket (31 kWh and above), as well as the non-residential category.
The Commission said consumers in the industrial category will experience an increase in electricity tariffs of 4.92% while water tariffs will increase by 5.16% for all customer classes for the period under review. The announcement follows the conclusion of regulatory processes for the quarterly adjustment of tariffs by the regulator.
The quarterly tariff review mechanism seeks to track and incorporate changes in critical factors used to determine tariffs for natural gas, electricity and water. A statement issued by the PURC on Friday (31 May), said: “The Public Utilities Regulatory Commission wishes to inform consumers of Electricity and Water that, there has been a review of the existing tariffs, to take effect from 1 July 2024 to 30 September, 2024.”
“Having considered all the underlying factors, the Commission wishes to announce that, there will be a 3.45% increase in electricity tariffs for lifeline consumers (0-30kWh); 5.84% increase for all other residential consumers who are not part of the lifeline category bracket (31 kWh and above) as well as the non-residential category.” PURC added “The industrial category will experience an increase in electricity tariffs of 4.92%. Water Tariffs will experience an increase of 5.16% for all customer classes for the period under review.”
By: Fred Dzakpata
