back to top
24.7 C
Ghana

Mahama’s 2026 New Year Gift: Electricity Up 9.8%, Water Up 15.9% From January

Published:

The Public Utilities Regulatory Commission (PURC) has approved new tariff adjustments for electricity and water, set to take effect on January 1, 2026, as part of its multi-year tariff review covering the period 2026 to 2030.

Under the revised structure, electricity tariffs will increase by 9.86 percent across all customer categories. Water consumers will also see a 15.92 percent upward adjustment over the five-year control period. According to the Commission, the increases are necessary to support critical investments by utility providers, maintain industry competitiveness, and protect consumer interests in the long term.

PURC explained that the tariff review aligns with its mandate to ensure reliable utility services while safeguarding the financial sustainability of service providers. The new framework also includes quarterly tariff adjustments to account for external factors such as exchange rate fluctuations, inflation, fuel prices, and changes in the power generation mix, variables that significantly influence the cost of utility service delivery.

In a significant development aimed at improving energy access, the Commission announced the introduction of mini-grid tariffs to serve island and remote communities. The associated costs will be absorbed into the revenue requirements of the Volta River Authority (VRA), ensuring that off-grid communities can benefit from affordable and reliable electricity supply.

PURC emphasised that the decision followed extensive stakeholder engagements, public hearings, and a detailed review of proposals submitted by utility companies. The Commission reiterated its commitment to continuously monitor the performance of service providers to ensure efficiency, value for money, and compliance with regulatory standards throughout the 2026–2030 tariff period.

Related articles

Agradaa finally Released!

Former fetish priestess-turned-evangelist, Patricia Asiedua Asiamah, popularly known as Nana Agradaa, has been released from the Nsawam Prison after serving eight months in custody. Her...

⁠⁠⁠We’ll fight for cocoa farmers’ even if it takes years – Oppong Nkrumah

The Member of Parliament for Ofoase-Ayirebi, Kojo Oppong Nkrumah, has pledged a prolonged parliamentary battle to secure what he describes as the rightful earnings...

Recent articles