Wednesday, 23 February 2011

New gas to reduce consumer power prices

Consumers will pay lower electricity rates from March onwards as power-generation costs decline with availability of natural gas from the West African Gas Pipeline (WAGP) which transports natural gas from the Niger Delta to Ghana via neighbouring Benin and Togo.

The Public Utilities Regulatory Commission (PURC) chairman, Emmanuel Annan, told reporters in Accra on 15 th February that residential electricity users will see their rates fall as much as 6.2 per cent depending on consumption and industrial consumers will see a drop of between 11.8 and 15.9 per cent.

Annan said that water costs for residential consumers will fall between 1.2 per cent and 1.3 per cent from March to May, while industrial users will have their tariffs reduced by as much as 6.4 per cent.

Reacting to the latest development, Deputy Information Minister Samuel Okudzeto Ablakwa told Citi News that the government had no part in the PURC's latest decision.

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© 2011 Menas Associates

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