Business News of Tuesday, 15 October 2024

Source: www.ghanaweb.com

IES throws its weight behind decision to merge PURC and Energy Commission

Nana Amoasi IV, Executive Director of IES Nana Amoasi IV, Executive Director of IES

The Institute of Energy Security (IES) has backed calls for the merger of the Public Utilities Regulatory Commission (PURC) and the Energy Commission of Ghana.

According to IES, combining the two regulatory bodies into a single entity will enhance the overall efficiency and effectiveness of energy regulation and lead to saving cost.

Executive Director of IES, Nana Amoasi IV, has said a unified regulatory authority would significantly improve policy formulation and implementation within the sector.

He noted that this is critical, given the current challenges facing Ghana’s energy landscape.

“Today’s power sector is played around regional bases. And in the West African power pool, all their regulators relative to the power, it is only one regulator. You don’t find PURC at one end and you don’t find an energy commission at one end. For policy formulation and implementation, I get from one command desk. So that is a good call,” he was quoted by citinewsroom.com.

Nana Amoasi IV also added that merging the PURC and the Energy Commission would address some of the energy challenges by streamlining decision-making processes and reducing bureaucratic delays.

SSD/ ADG

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