{"id":75364,"date":"2014-12-19T09:30:15","date_gmt":"2014-12-19T09:30:15","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=75364"},"modified":"2014-12-19T09:34:17","modified_gmt":"2014-12-19T09:34:17","slug":"fix-reasonable-electricity-tariffs-mahama-purc","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/12\/fix-reasonable-electricity-tariffs-mahama-purc\/","title":{"rendered":"Fix reasonable electricity tariffs \u2013 Mahama to PURC"},"content":{"rendered":"
President John Mahama has charged the reconstituted board of the Public Utility Regulatory Commission (PURC) to fix reasonable electricity tariffs.<\/p>\n
Speaking at the swearing in ceremony of the nine -member board of the PURC on Thursday, President Mahama said the board must also ensure power is affordable for business and residential consumers.<\/p>\n
He said the move will ensure more private sector participation in power generation.<\/p>\n
[contextly_sidebar id=”Zngmj5Ngw7vAXMQexfndDFA4BNFjcPZ9″]\u201cWe are entering an era where we are seeing more private sector, interest and participation in the Energy and Power sector and the only way that the private sector will invest their money in energy and power generation is if they feel that the plain field is conducive, that it is level and reasonable and it guarantees them a fair return on the investment that they make and it is the PURC that can create that kind of environment for them,\u201d President Mahama explained.<\/p>\n
The PURC on September 30, 2014 announced an increment of electricity and water tariffs<\/strong> <\/span><\/a>by 6.54 percent and 4.54 percent respectively.<\/p>\n The Commission explained that the increment was agreed on, after careful consideration of all factors which forms the basis of the Automatic Adjustment Formula and advised Ghanaians to conserve energy and water to reduce the challenges being faced with the unreliable supply of these two essential commodities.<\/p>\n Power supply to improve<\/strong><\/p>\n The President also touched on challenges facing Ghana\u2019s power generation systems.<\/p>\n According to him, the country is targeting to increase power generation to 5000 megawatts by 2015 to address inconsistent power supply in the country.<\/p>\n