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OMG!! FG Increases Electricity Tariff

The Nigerian Electricity Regulatory Commission (NERC) has released new electricity tariff plans, which states the various rates of increase in energy charges for consumers across the country.

The regulatory agency also announced the removal of fixed electricity charges for all classes of electricity consumers adding that consumer will only pay for what they had used.
A fortnight ago, the minister of power, works and housing, Babatunde Fashola had hinted that electricity tariffs will be jacked up to encourage investors into the power sector, The Punch reports.
He also told consumers to respect the new regime as it will lead to improve power supply.
NERC on Monday, December 21, stated that from next billing period, power distribution companies would no longer charge their customers monthly fixed charges.
“For instance, residential customer classification (R2) in Abuja Electricity Distribution Company will no longer pay N702 fixed charge every month. Their energy charge will increase by N9.60.
“Also, residential customers (R2 customers) in Eko and Ikeja electricity distribution areas will no longer pay N750 fixed charges. They will be getting N10 and N8 increase respectively in their energy charges. Similarly, the burden of N800 and N750 fixed charges would be lifted off the shoulders of Kaduna and Benin electricity consumers. These consumers will see an increase of N11.05 and N9.26 respectively in their energy charges,” the NERC stated.
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