The Public Utilities Regulatory Commission (PURC) has clarified that its tariff review process is not influenced by external contracts or agreements, including claims of a World Bank contract. Here are key points about PURC’s tariff review process.
– Automatic Quarterly Review Mechanism: PURC has a mechanism in place to adjust tariffs every quarter based on parameters such as fuel prices and generation mix.
– Transparent and Predictable Framework: The commission’s automatic adjustment formula provides a transparent and predictable framework for tariff setting, ensuring utility tariffs are fair and reflective of service provision costs.
– Major Tariff Review Decision Publications: PURC publishes comprehensive information on major tariff review decisions, allowing stakeholders to access and review these decisions.
– PURC’s Mandate: The commission’s mandate includes approving charges for electricity and water services, ensuring the highest quality of service to consumers.
– Composition and Competence: Although PURC operates independently, its composition has faced criticism, with the World Bank questioning its competence in 2013 and suggesting reconstitution with experts having no stakeholder affiliations.
PURC’s tariff review process involves:
– Major Tariff Review Process: A comprehensive review process that enables the commission to solicit relevant information and make informed decisions.
– Tariff Filing Templates: PURC discusses tariff filing templates and review processes with stakeholders to ensure uniformity in tariff proposal submissions.
– Fair Tariffs: The ultimate goal is to set fair tariffs that reflect the costs of service provision, balancing the interests of consumers and utility providers.
Story by: Ohemaa Adusi-Poku
