The Public Utilities Regulatory Commission (PURC) engaged in critical discussions over the quarterly tariff reviews for electricity and water services.

A meeting held on Friday morning ended without a resolution, resulting in a deadlock. Sources indicate that PURC is considering proposed tariff adjustments of 27% for electricity and 9.5% for water.

The outcome of these deliberations is expected to have significant implications for households and businesses nationwide, potentially influencing the cost of living and operational expenses.

The meeting is scheduled to reconvene at 12:00 PM as the Commission seeks to finalize decisions on the proposed increments.

From October 1, 2024, Public Utilities Regulatory Commission (PURC) announced tariff hikes of 3.02% for electricity and 1.86% for water.

This increment came after the Commission's quarterly review, designed to account for fluctuations in critical economic indicators such as the exchange rate, inflation, and the cost of natural gas.

The PURC emphasized that these adjustments are necessary to maintain the "financial viability and ability of utility service providers to deliver on their mandate," ensuring uninterrupted utility services. Specifically, the depreciation of the Ghana Cedi against the US Dollar by 4.96% between the second and third quarters of 2024 contributed significantly to the rise in electricity tariffs.