CUTS International, a research and public policy think tank, has stated that the proposed upward adjustment in electricity tariffs has nothing to do with the prices of crude oil and gas on the international market. According to them, there is no correlation there between the two, hence their decision to kick against the upward adjustment of electricity tariffs which will start in July. “Crude oil prices and gas prices have not gone up that much, so if you’re talking about electricity, then it leaves me with the doubt of the rationale on why these companies are asking for tariff increases at the time when the global prices of these goods have remained stable. But now we know that on average, prices of these goods have remained stable,” he said. However, the Consumer Protection Agency has noted that any possible increment in electricity tariffs at this time would be ill-timed.

Source: GhanaWeb May 27, 2021 19:07 UTC