The Public Utilities Regulatory Commission (PURC) has justified its decision to adjust tariffs in the second quarter of 2023 which takes effect from June 1.
According to the commission, the move is needed to sustain the operations of the various companies in the production and distribution chain of electricity.
The second quarter tariff decision of 18.36% for electricity helps to fully recover 100% of the inflationary effect, 100% of the gas price effect, and 50% of the exchange rate effect.
Explaining the decision on ATL FM’s ATLANTIC WAVE on Wednesday, May 31, the Central Regional Public Relations Officer for PURC, Shelter Seyram Doe said the review, which is conducted by their mandate is to ensure fair and reasonable rates for public utilities.
According to him, this is aimed at striking a balance between providing quality services and protecting the interests of consumers.
He said the review process involved extensive consultations with key stakeholders, including utility companies, consumer advocacy groups, and government representatives.
Mr. Seyram Doe stated that their objective is to strike a fair balance that ensures the financial viability of utility companies while safeguarding the interests of consumers.
Meanwhile, the Regional Manager for PURC, Central Region, Madam Kesewa Apenteng Addo said the PURC carefully analyzed various factors, such as inflation rates, exchange rates, and operational costs, to arrive at a tariff structure that reflects the current economic realities to keep the balance.
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Source: Enoch Chanimbe/ATLFMNEWS
