The Electricity Company of Ghana (ECG) has reprogrammed its systems and that the implementation of the 25% subsidy in the electricity tariffs by government commencing from Today 18th November, 2013.
Speaking at a news conference held in Accra, the Divisional Manager of the Regulatory and Governmental Affairs, Mr.Daniel Azu reiterated to the fact that the ECG is ready to administer the subsidy, and advised is cherish customers that anyone who purchase credit from today, will see a one off payment to the customer in the form of unit or in the form of additional money deposits on your Metre which will represent the subsidy .
According to him,Government reduced electricity tariff from 78.9% to 59.18% with effect from October 1, 2013 according to a communiqu? signed.
?These pave way for 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,?? he stressed.
He explained further that for customers who are on the pay and smile system, (which is the unit based prepayment metering system); the subsidy for the month of October will be in the form of additional units on their metres. And any subsequent purchase would receive the subsidy component immediately.
He further explained that for postpaid customers, ?once the month ends and we prepare your bill, you will see what you were supposed to pay given the tariff and then the subsidy component on the bill and then the difference is what you will pay to ECG.?