The Institute of Financial Affairs is looking for a coverage that can be certain that all authorities appointees pay for his or her home electrical energy utilization.
In quite a lot of suggestions forward of the December 2024 elections, the assume tank additionally proposed the vitality invoice collections ought to be optimised through set up of efficient pre-paid meters for all customers besides vital nationwide/public sector establishments.
It continued {that a} timeframe ought to be stipulated for manufacturing all pre-paid meters domestically to save lots of international alternate and create home jobs.
Once more, “The usage of photo voltaic vitality ought to be progressively elevated in all public establishments to make sure extra steady energy to the establishments while the Impartial Energy Producers (IPPs) ought to be promptly reimbursed to guarantee uninterrupted provide of energy”.
Vitality is a vital driver of financial progress. Nonetheless, Ghana has lengthy confronted unstable energy, which has been a drag on financial progress. Put in energy capability had lengthy lagged rising.
In the course of the 2013-2016, put in thermal capability was racked up considerably to deal with a protracted interval of hydro-power technology shortfall. This led to extra put in capability, a few of which was contracted on a pricey take-or-pay foundation.
Nonetheless, IEA stated the issue of unstable energy has persevered resulting from a number of elements, together with administration deficiencies, monetary constraints, transmission and distribution inefficiencies and tariff-cost mismatches. Along with unstable energy, it added that the price of energy to each companies and households can also be excessive.
The IEA suggested the evaluate of Previous Energy Buy Agreements (PPAs) to cut back the budgetary burden of take-or-pay funds to the extent potential.
Moreover, it stated “Future PPAs should be wholly clear to make sure cost-effectiveness, whereas the Vitality Sector Legacy Act (ESLA) ought to be reassessed with the view to bundling remaining PPA legacy money owed and planning their liquidation over time”.