Electricity and water tariffs to increase
Water and electricity tariffs will increase in the third quarter of the year, the Public Utilities and Regulatory Commission has confirmed.
The move, which according to the Commission was in line with the automatic adjustment formula, will see a 12 per cent increase in electricity and 6.1 per cent in water for the next quarter beginning July 2014.
The Commission had initially proposed a 31 per cent increase in electricity and 14 per cent in water, but after meeting on Wednesday, the commissioners decided to review it downward by the amount that it was increased in the second quarter.
The tariffs went up 12 per cent for electricity and 6.1 per cent for water at the beginning of the second quarter in April 2014.
Under the automatic adjustment formula the commissioners have the power to maintain the prevailing tariff or review it
Earlier the Director of Public Affairs, Nana Yaa Jantuah, had asked consumers to expect an increment beginning July 2014.