A major stakeholder in the power industry, the Volta River Authority is fully in support of the adjustment in utility tariffs as proposed by the Electricity Company of Ghana and the Ghana Water Company Limited.
This was after the Electricity Company of Ghana started appealing for such an increment to the magnitude of 148% for 2022.
The ECG argues that this is due to the gap between the actual cost recovery tariff and PURC-approved tariffs, as well as the cost of completed projects.
During a stakeholder’s consultative meeting for a five-year major tariffs review plan under the auspices of PURC, the Manager of Power Economics and Regulations at the VRA, Ing. Peter Osei-Adjei explained that the proposal for tariff increments is to cater for bulk generation cost.
“We want some compensation for our ancillary services, like the reactive power we spoke about. We want to recover our investments. We want to ensure that we sustain the grid and ensure uninterrupted power supply to the nation,” he explained.
The Ghana National Petroleum Corporation is also calling on the Public Utilities Regulatory Commission (PURC) to come up with appropriate tariffs that cover the cost of production of stakeholders in the energy sector.
The Manager of Gas Business at GNPC, Hamis Ussif, made a strong case for realistic tariffs for industry players to stay afloat.