Public Utilities Regulatory Commission (PURC) has provided an update on the progress of directives issued to the Electricity Company of Ghana (ECG) on March 19, 2024.
According to the PURC, three out of the five tasks assigned to the power distribution company have been completed.
Earlier, the Commission had mandated ECG to submit a comprehensive report on various aspects of its operations, including tariff revenue allocation and regulatory audit data, by April 2, 2024.
Additionally, ECG was instructed to distribute funds from the Cash Waterfall Mechanism (CWM) by March 25, 2024.
These directives were issued under Sections 3 and 24 of the Public Utilities Regulatory Commission Act, 1997 (Act 538), in response to concerns raised by the PURC regarding declining service quality and increased power outages across ECG service areas since January 1, 2024.
However, in a press release dated March 26, PURC disclosed that ECG has yet to fulfill its obligation of making payments to energy sector players along the electricity value chain.
The statement further stressed that “PURC shall validate all payments made along the electricity value chain for an approval month and publish it on the PURC website not later than the second week of the following month.”
But this validation can only be done when payments to the energy sector players have been completed.