The Public Utilities Regulatory Commission (PURC) has announced an upward review of water and electricity tariffs for the last quarter of the year.
The tariffs take effect from today, October 1, 2019.
The tariff for water has been increased by 2.22 per cent, while electricity goes up by 5.94 per cent.
A statement signed by the Executive Secretary, Mrs Mami Dufie Ofori, said the increment was determined by the Automated Adjustment Formula (AAF), a tariff mechanism that seeks to track and incorporate movement in key determining factors to reflect the real cost of electricity and water quarterly.
According to the statement, this last quarter increment was done taking into consideration some factors, which include inflation, the cedi-US dollar exchange rate, the price of crude oil, natural gas and fuel mix.
The power purchase cost, demand forecast and the cost of electricity (a major cost component in water production) also influenced the latest increment.
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