Thursday, 7 January 2016

New electricity tariffs effective Feb. 1, NERC insists

                                
The Nigerian Electricity Regulatory Commission has ignored the advice of the House of Representatives by insisting that the new electricity tariffs will come into effect from February 1, 2016.

It also announced that the power distribution companies had one year from now to provide meters for all their customers and stop issuing estimated bills.
On December 21 last year, the commission announced new tariffs payable by electricity consumers, indicating increase in charges for different categories of consumers and also abolished the fixed charges.
It explained that the new electricity rates and its directive on fixed charges would take effect from the next billing period, which is from February 1, this year.           
But the House of Representatives had resolved that NERC should not embark on any upward review of the tariffs until it had concluded the probe of the power sector, particularly the privatisation programme.
However, the regulatory agency ignored the House resolution and went ahead to increase the tariffs by over 45 per cent.     

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