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| (Samuel Dubik Mahama, Managing Director of ECG) |
The Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama, has highlighted the impact of weather conditions and seasonality on electricity sales and revenue. Mr. Mahama revealed that the ECG faces a loss of approximately GH¢25 million whenever it rains in any part of the country, as consumption tends to decrease during cold weather periods.
Speaking about "The Big Power Debate: The High Cost of Keeping the Lights On" on JoyNews' PM Express, Mr. Mahama discussed the financial implications of changing weather patterns on the electricity sector. He revealed that prior to the rainy season, ECG was averaging between GH¢40 to GH¢50 million in daily revenue. However, on rainy days, the revenue declines by GH¢25 million, affecting the overall financial performance of the company.
Noting the prolonged duration of the rainy season this year, Mr. Mahama expressed concerns and disappointment regarding the impact on electricity consumption. He shared that ECG plans its operations and sets tariffs based on year-round projections, without considering specific weather-related fluctuations. In contrast, in some parts of the world, tariffs vary based on weather conditions to ensure a balance in revenue generation. In Ghana, however, the tariff remains constant throughout the year, which leads to decreased consumption during certain seasons. Mr. Mahama highlighted the importance of considering consumption patterns and adapting tariffs accordingly to cover revenue shortfalls during low-demand periods.
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Mr. Mahama also discussed operational challenges caused by rainy weather. He mentioned that rain hampers the collection of revenue as meter readings and other operational activities become difficult. However, he reassured the public that ECG will eventually collect the owed amounts from customers, although collecting on exact rainy days may be temporarily challenging.
In recent times, Ghana has experienced power outages, with limited gas supply to power plants in Tema and Takoradi being a contributing factor. The Ghana National Petroleum Corporation (GNPC), which receives gas from the West African Gas Pipeline Company for supply to the power plants, has absolved itself of blame, instead attributing the situation to ECG's failure to settle its debt with the West Africa Gas Pipeline Company for the gas supply.
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