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November 20th , 2024

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FAULT PURC'S FAILURE FOR REQUESTS FOR EXPANSION IN UTILITY DUTIES - COSECA

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2 years ago



 

 

The Coalition of Stakeholders on Electricity Contracts and Arrangements (COSECA) is putting the failure with respect to the Public Utility Regulation Commission (PURC) as the reason for the requests by service organizations for an over the top vertical change in utility levies.

As indicated by the Coalition, the suspension of the Automatic Adjustment Formula and the disappointment by the PURC to give out reserves gathered from the Distribution Service Charges to service organizations like the ECG are debilitating the organizations.

The interest by the ECG and GWCL for a 144% and 334% vertical change in utility duties, separately, has gotten boundless judgment.

In a proclamation, the gathering approached the PURC to be proficient in the conveyance of its work in light of the fact that "our service organizations can improve further developed corporate administration rehearses, assets, responsibility without government impedance and political jolt plans.

"The PURC as we would see it has been exceptionally wasteful, bungled and, best case scenario, appears to be not to see the value in their job, or are horribly bumbling at it. There is sufficient fault sharing to go round from government to the executives of service organizations, but the PURC is the main motivation behind why we have the duties right now stacked up, and bringing about ECG's interest for 148% and GWCL's 334% vertical change in levies."

The Electricity Company of Ghana had recommended that its levies be expanded by 148% for 2022 and with 7.6% normal changes between the times of 2023 to 2026.

The proposed sharp augmentation, as indicated by ECG, is because of the hole between the genuine expense recuperation levy and PURC-endorsed duties as well as the expense of finished projects.

The GWCL likewise contended that while the typical tax per cubic meter in 2019 was 1.27 USD, the equivalent was diminished to USD 1.13 because of cedi deterioration.

The GWCL said this has impacted its capacity to complete fixes and substitutions of matured and old gear and pipelines.

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