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31st October 2023 10:43:12 AM
2 mins readBy: Chris Kodo

The Coalition of Stakeholders on Electricity Contracts and Arrangements (COSECA), an energy think tank, emphasizes that the optimization of hydroelectric power generation in the nation must primarily serve the interests of the Ghanaian population, rather than being solely geared towards the export market.
Additionally, COSECA has urged the government to enhance the hydroelectric power generation mix to help lower electricity costs for the people of Ghana.
To address this issue, the group has appealed to the government, specifically through the Public Utilities Regulatory Commission (PURC), to rectify this disparity by implementing an automatic adjustment mechanism.
In a press release reported by GhanaWeb Business, COSECA stated that,
"The rains that have caused floods to ordinary Ghanaians ironically have not improved the generation mix with an increased hydro component that potentially can reduce the tariff to the benefit of Ghanaians. COSECA strongly believes that the generation mix has to be rationalized to ensure that the benefit of increased hydro generation is passed on to Ghanaians and not the export market."
"This situation needs to be rectified using the automatic adjustment mechanism to redistribute over and under-recoveries to the benefit of Ghanaians," the release read in part.
It also "observed that only ECG contributes to the provision of reserve margin (18% target as per Energy Commission) required for maintaining reliability of the transmission grid. The cost associated with this reserve margin capacity requirements is substantially borne by customers of ECG, with no payment made by the other bulk customers supplied by VRA and other load-serving entities in the deregulated market as their load share allocation."
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