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Tag Archives: ECG

IES raises concern as PURC, ECG delay major policy decision making

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The Institute of Energy Security, IES, is warning that the technical and operational challenges within the ECG may escalate if the process for the handing over to the Power Distribution Services (PDS) is delayed any further. The IES also wants the PURC to be swift in announcing the new tariffs as the delay is impacting planning for businesses and the ...

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Underpricing ‘killing’ utility providers in sub-Saharan Africa – World Bank

World Bank’s Africa Region Chief Economist, Albert G. Zeufack

The World Bank has identified under pricing as the biggest threat to the survival of utility companies providing electricity, in sub-Saharan Africa. As a result, the Bank is predicting of a possible drop in private sector participation to improve operations of such companies if the situation remain unresolved. The World Bank attributes the worrying impact of underpricing to what it ...

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Meralco must turnaround ECG – KITE

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The Kumasi Institute of Technology and Environment (KITE), is anticipating positive growth in the power sector with the coming on board of a new consortium under the power compact two agreement. It follows the selection of Meralco Consortium by the Millennium Development Authority (MiDA) to manage the Electricity Company of Ghana [ECG]. According to the Executive Director of KITE, Ishmael ...

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New electricity bills to start with second purchase in April – ECG

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It is emerging that the much anticipated reduction in electricity tariffs may take a bit longer than expected. This is because the Electricity Company of Ghana (ECG) has explained that the reduction will only reflect on the bills of consumers when they make their second purchase of credit for electricity for April. The latest also follows the shift of the ...

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ACEP demands clarity on basis for reducing electricity tariffs

Benjamin Boakye - Executive Director of ACEP

The African Center for Energy Policy (ACEP) is urging the Public Utilities Regulatory Commission (PURC) to provide details on factors that influenced the margin of reduction in electricity tariffs. ACEP argues its analysis proves that only the transmission service charge has been reduced while the bulk generation and distribution service charges have gone up for the period. According to the ...

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ECG rolls out tariff reduction from today

Samuel Boakye-Appiah - MD,ECG

From today, April 1, 2018, consumers should be paying less for the electricity they consume as the ECG begins the implementation of the reduction in tariffs announced in March this year. The Public Utilities Regulatory Commission (PURC) on March 5, 2018, announced a reduction in electricity tariffs of between 17 and 30 percent for residential and commercial consumers. Though the ...

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Red flags over local content in ECG as bidders submit proposals (Audio)

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Ghana could be losing significant benefits from the power sector in the absence of a local partner for the concessionaires bidding to assume management of the Electricity Company of Ghana (ECG). This is the concern of Policy Analyst with ISODEC, Dr. Steve Manteaw. His argument follows the submission of proposals by two companies bidding for the management of the power ...

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Bidders for ECG concession drops to two

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Citi Business News can confirm that the number of bidders for the private sector participation in the Electricity Company of Ghana (ECG) has dropped to two. The latest follows the close of submission of request for proposals today, March 26, 2018. A statement from the Millennium Development Authority (MiDA) and copied to Citi Business News said that at the close ...

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Businesses track ECG on reimbursement promise

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Businesses are expecting that the Electricity Company of Ghana (ECG) would live by its assurance of implementing the reduction in electricity tariffs from the 1st of April as announced. Even though the reduction has been initially scheduled to take effect today, ECG maintains consumers should see it reflect from next month due to the monthly billing system. According to the ...

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PURC reduces electricity tariffs; 17.5% for homes, 30% for businesses

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The Public Utilities Regulatory Commission (PURC), has announced a general reduction in electricity tariffs effective March 15, 2018. Residential customers per the new tariff cuts are to enjoy a 17.5% reduction, while non-residential customers will see tariffs cut by 30%. Those in the mining sector have also been given a 10% tariff cut, and 25% cut for Special Load Tariff ...

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