HAS THE PRESSURE ON GOVERNMENT COURTESY TUC AND ORGANISED LABOUR YIELDED ANY RESULT? CHECK citifmonline Government has reduced electricity tariff from 78.9% to 59.18% with effect from October 1st. According to a communiqué signed by the deputy Minister of Information and Media Relations, Felix Kwakye Ofosu “after reviewing the report of the Technical Working Group and in consultation with all stakeholders government have taken measures to cushion the effects of the utility tariff increases on consumers. “The starting point of the electricity tariff increase towards full cost recovery has been reduced by 25 percent. That means the starting point towards the full cost recovery reduces from 78.9% to 59.18% with effect from 1st October 2013,’’ the statement stated. The statement also stated that “since the PURC has already gazetted the 78.9% increase in the electricity tariff, Government will absorb the difference between the gazetted increase of 78.9% and the 59.18% (including all levies and charges) as agreed with the social partners.’’ The communiqué also warned that starting January 2014, the PURC is expected to implement the Automatic Tariff Adjustment Formula (ATAF).
Posted on: Sun, 10 Nov 2013 16:20:46 +0000
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