2018 Budget Electricity tariffs go down by 13%

Residential and non-residential electricity consumers in the country will enjoy a 13% reduction in tariff beginning January next year.

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The government has reduced the cost of electricity in the country.

Residential and non-residential electricity consumers in the country will enjoy a 13% reduction in tariff beginning January next year, the Finance minister Ken Ofori-Atta said in Parliament during the 2018 budget presentation Wednesday.

“Government in 2018, will work towards keeping the lights on at affordable rates to consumers, particularly industries and small businesses through reform and policy interventions over a two-year period.

Ken Ofori-Atta play Ken Ofori-Atta

READ ALSO: Electricity tariff to go down next year

“To give relief to the poor whose individual consumption falls in the subsidised life-line category but who live in a compound house, the existing 4-tier tariff classification of residential consumers will be collapsed into Lifeline and Non-Lifeline consumers in phases.

“On the basis of these interventions, if government recommendations to PURC are accepted, consumers will be expected to benefit from reductions in electricity tariffs. The expected average tariff reductions across various customer categories will be as follows:

“Residential has been reduced by 13 %, Non Residential 13%, Special Load Tariff- Low Voltage 13%, Special Load Tariff -Medium Voltage 11%, Special Load Tariff -High Voltage 14% and High Voltage Mines 21%.”

READ ALSO: Court throws out PUWU's injunction suit against ECG privatisation

The high electricity tariffs were a major part of the New Patriotic Party (NPP)’s campaign ahead of the 2016 elections.

Ahead of the budget presentation, the president, Nana Addo Dankwa Akufo Addo assured that electricity tariffs will be reviewed downwards soon.

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