Utilities prices go up: Electricity 12%; Water 6.1

The Public Utilities Regulatory Commission has announced a 6.1 percent increase in water tariff and 12 percent in the tariff for electricity.

The hike is expected to take effect from  July 1, 2014.

The utilities regulator is expected to officially announce the increment today.

Director of Public Affairs at the PURC, Nana Yaa Gyantuah early on told Joy News’ Evans Mensah on Wednesday afternoon that an initial 31 percent hike in electricity and 14 per cent hike in water had been agreed at management level but said the proposal had been forwarded to the Board of the Commission for approval.

She told Evans Mensah the Board members were meeting to consider the new proposal, adding the public must ‘expect an increase’ irrespective of whatever the decision the Board will take.

After the crunch meeting, the Board members insisted that the second quarter proposal- 6.1 per cent for water and 12 per cent for electricity- which was held in abeyance as a result of the continued load shedding crisis should rather take effect instead of the third quarter proposal brought by management.

It would be recalled that the PURC failed to adjust tariffs in the second quarter which coincided with a severe load shedding exercise. The commission therefore decided to suspend the increment then.

Pondering over the proposed third quarter increment, the Board concluded that instead of imposing the increment it would rather implement the second quarter increases.

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