Parliament amends Energy Sector Levies Act to reduce electricity levies imposed on...

Parliament amends Energy Sector Levies Act to reduce electricity levies imposed on Consumers

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The Energy Sector Levies (Amendment) Bill, 2017, has been passed into Law, to reduce the energy sector levies imposed on consumers.

The Bill sought to amend the Energy Sector Levies Act, 2015 ( Act 899) to provide for a reduction in the rate of levies for Public Lighting and the National Electrification Scheme on petroleum products, and to provide for related matters.

Presenting the Report of the Finance Committee of Parliament, the Chairman of the Committee, Hon. Mark Assibey-Yeboah (Dr.), informed the House that Government as part of the 2017 Budget Statement and Economic Policy has proposed to reduce or abolish some taxes in order to bring relief to consumers.

He added that Government has assessed the uses of the National Electrification Scheme Levy (NESL) and the Public Lighting Levy (PLL) and proposed to reduce the NESL from 5% to 2% and the PLL from 5% to 3% per price of kWh of electricity charged on all categories of consumers.

The Committee also noted that the reduction in the rates would lead to an estimated revenue loss of 308.30 million Ghana Cedis.

 

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