The Executive Secretary for the Public Utility Regulatory Commission (PURC), Mrs. Maame Dufie Ofori, has said her outfit will strictly ensure that consumers are not exploited by the various utility companies in the wake of increment in water and electricity tariffs.
She made the remarks in an interview with the media at a press conference held by the PURC to explain reasons behind the increase in water and electricity tariffs.
She said the functions of the PURC were to provide guidelines for rates to be charged for providers of utility services, it also has the mandate to examine and approve water and electricity rates as well as monitor and enforce standards of performance for provision of utility services.
These mandates she stressed the PURC will enforce in order protect the interest of consumers and providers of utility services.
She said workers at PURC are also consumers affected by the increment.
The PURC has approved an 11.17% tariff increase for electricity from July 1.
It explained in a press conference that the Commission received and considered tariff proposals from stakeholders including Volta River Authority (VRA), Ghana Grid Company (GRIDCo), Electricity Company of Ghana (ECG), Power Distribution Services (PDS), Northern Electricity Distribution Company (NEDCo) and Enclave Power Company Limited (EPC).
Tariff proposals for water also came from these stakeholders.
It said the increase was for the recovery of total electricity revenue requirement for the regulated electricity market.
The Commission on Monday announced an 8.01% increase in water tariff.
Mrs Dufie Ofori said the depreciation of the cedi to the dollar; projected inflation rate and increasing electricity and water demands have necessitated the increment.
She said extensive technical and financial analysis of the proposals was undertaken in line with the commission’s regulatory mandates.
The key objective of the tariff review she explained was to sustain the financial viability of the utility service providers as well as ensuring the delivery service to consumers.