Nigerians to Pay More Money As NERC Plans to Increase Electricity Tariffs in July

Nigerians to Pay More Money As NERC Plans to Increase Electricity Tariffs in July

- If the tariff review promised by NERC is implemented, then Nigeriana are likely to pay more for electricity

- NERC says the tariff review was a result of changes in inflation, foreign exchange among others

- Meanwhile, Nigerians have been asked to send in their comments over the review

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Very soon, a new electricity tariff may be announced for Nigerians. Plans are already underway to review tariffs that customers pay. This follows a statement from the Nigerian Electricity Regulatory Commission (NERC).

The review might also lead to a rise in the tariffs payable by electricity users, The Nation reports.

Nigerians To Pay More Money As Electricity Tariffs Will Rise In July
The Nigerian Electricity Regulatory Commission on Monday announced another tariff review. Photo: @NERCNG
Source: Twitter

According to NERC, the tariff review was a result of changes in inflation, foreign exchange, gas prices, available generation capacity and capital expenditure.

This Day added that the commission said it would also consider the capital expenditure required to evacuate and distribute the said available generation capacity in accordance with the power sector Act and other extant industry rules.

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Going further, it invited stakeholders and the general public to send their comments to the commission within 21 days from the date of the publication.

Meanwhile, Nigerians reacted as the presidency announced that the Central Bank of Nigeria (CBN) has so far disbursed N14.35 billion to DisCos to cover the procurement of 263,860 meters.

Nigerians took to social media to react to the development.

Bekongfe Agweye wrote:

“Please can we unbundle the power sector and end the monopoly. Let us allow new entrants in distribution so the price of tariff and service will be better. One cannot use up 705units in 28 days for a house with less than 12hours light and no ACs.”

Dele Oyeyipo added:

“Where are these meters for God's sake? Are they been used by ghosts? There is time you go to them and get meters. Let God rescue us from claws of the discos.”

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In another development, Legit.ng reported that the managing director of Ibom Power Company Limited and senior special assistant on power to the Akwa Ibom state governor, Engr. Meyen Etukudo has said that its power station did not suffer a breakdown.

Etukudo was reacting to a statement made by the minister of power, Saleh Mamman.

The minister had announced that the Sapele, Afam, Olonrunsogo, Omotosho, Ibom, Egbin, Alaoji, and Ihovbor power plants suffered a breakdown, hence the frequent power outages in parts of the country.

Source: Legit

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