{"id":377172,"date":"2017-11-24T11:26:20","date_gmt":"2017-11-24T11:26:20","guid":{"rendered":"http:\/\/citifmonline.com\/?p=377172"},"modified":"2017-11-24T17:54:18","modified_gmt":"2017-11-24T17:54:18","slug":"proposed-ecg-tariff-reduction-timely-but-acep","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/11\/proposed-ecg-tariff-reduction-timely-but-acep\/","title":{"rendered":"Proposed ECG tariff reduction timely but\u2026 \u00a0\u2013 ACEP"},"content":{"rendered":"<p>The Africa Centre for Energy Policy (ACEP), has welcomed government\u2019s proposed reduction of electricity tariff by between 13 and 21\u00a0percent for domestic and industrial consumers.<\/p>\n<p>According to ACEP, although the proposal is timely, it will put the Public Utility Regulatory Authority (PURC), the body mandated to consider the review, in a tight corner especially when the approved tariff does not tally with government\u2019s proposal.<\/p>\n<p>The Minister of Finance, Ken Ofori-Atta, while presenting the 2018 budget statement to Parliament, announced that government has recommended the <span style=\"color: #666699;\"><a href=\"https:\/\/citifmonline.com\/2017\/11\/15\/ghbudget-electricity-tariffs-to-be-reduced-by-13\/\"><strong>review of electricity tariff<\/strong><\/a><\/span> by between 13 to 21 percent to the PURC.<\/p>\n<p>[contextly_sidebar id=&#8221;n1VlHCMMFmgjJTMJP9Ne3aS5gN4RYSRy&#8221;]ACEP in its analysis of the budget in relation to the energy and oil and gas sectors, said the situation can &#8220;weaken the independence of the institution [PURC].&#8221;<\/p>\n<p>\u201cThis effort is timely&#8230;The 13% proposed reduction will be about 25% on the dollar rate at the time the tariff was last reviewed in 2015. It is however challenging to see the budget prompting the level of reduction before PURC does its job of reviewing the tariff. This puts PURC at war with public expectation of what government thinks is the reductions that should happen. It further weakens the independence of the institution whose acting Executive Secretary is waiting on government for confirmation,\u201d ACEP noted in a statement copied to\u00a0<strong>citifmonline.com<\/strong>.<\/p>\n<p>ACEP recommended to government to focus on how to reduce the bottlenecks that contribute in making electricity tariff too high.<\/p>\n<p>\u201cGovernment should focus on shaping the fundamental variables that contribute to cost. These include fuel cost, competitive tendering of plant procurement to reduce the cost, bureaucracies in the sector, etc. Consideration of these variables will go a long way to reduce inefficiencies in the sector and allow the regulator to do independent adjustments and announcement of the tariff,\u201d the policy think tank added.<\/p>\n<p>ACEP in its 10-page analysis also made a number of recommendations to government including how to judiciously expend Ghana\u2019s oil money going forward.<\/p>\n<p><span style=\"color: #666699;\"><a href=\"http:\/\/citifmonline.com\/wp-content\/uploads\/2017\/11\/ACEPS-ANALYSES-OF-THE-2018-BUDGET.pdf\" target=\"_blank\" rel=\"noopener\"><strong>Click here for ACEPS full anaylsis:<\/strong><\/a><\/span><\/p>\n<p>&#8211;<\/p>\n<p>By: Godwin Akweiteh Allotey\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Africa Centre for Energy Policy (ACEP), has welcomed government\u2019s proposed reduction of electricity tariff by between 13 and 21\u00a0percent for domestic and industrial consumers. According to ACEP, although the proposal is timely, it will put the Public Utility Regulatory Authority (PURC), the body mandated to consider the review, in a tight corner especially when [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":377188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,10,11],"tags":[699,332,3,897,3312,10973],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Proposed ECG tariff reduction timely but\u2026 \u00a0\u2013 ACEP - Citi 97.3 FM - Relevant Radio. 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