James Momoh
FeaturedNews From MDA'STrending Story

No electricity tariff raise until ….says NERC

443

 

Contrary to some media reports on an increase in electricity tariffs for Nigerians, the Nigerian Electricity Regulatory Commission (NERC) says DISCOs will only be able to review tariff rates after consultations with customers and increase in the number of hours of supply per day and quality of service.

 

The Chairman of NERC, Mr James. A. Momoh, insisted that a raise in the tariff would be service-based.

He said: “In all cases, poor and vulnerable Nigerians will not experience any increase. In line with these expectations, DISCOs are directed to engage with their customers on a Service-Based Tariff structure. Under the Service-Based Tariff Structure, DISCOs can only review tariffs for customers under the following conditions:

 

“Customers are consulted and communicated a guaranteed level of electricity service by the DISCOs based on hours of supply customers are metered.

 

“No estimated billing through the strict enforcement of the capping regulation. This means that unmetered customers will not experience any cost increase beyond what is chargeable to metered customers in the same area.

 

“Even under the above conditions, there will be no change in tariff for the most vulnerable as tariffs for those consuming 50KW or less remain frozen. Customers receiving less than 12 hours of supply will also not experience any change in tariffs.’’

 

Momoh recalled that President Muhammadu Buhari had directed that there should be a nationwide mass-metering programme in an effort by the Federal Government to stop estimated and arbitrary billing for electricity.

 

He has also approved a waiver of the import levy on meters so that those that do not have meters can be supplied as early as possible at reasonable costs.

 

“The general public and all stakeholders in the power sector are by this statement urged to disregard any reports of an arbitrary tariff increase affecting Nigerians,’’ Momoh said in a statement obtained by Persecondnews.

Leave a comment

Related Articles

New NISO MD pledges to boost nation’s electricity generation, transmission, distribution

Mr. Abdu Mohammed, the newly appointed Managing Director of the Nigerian Independent...

NPA Reaffirms Commitment to Gender Equality, Women’s Empowerment – MD Dantsoho

The Nigerian Ports Authority (NPA) has reiterated its dedication to advancing gender...

Nigeria targets Africa’s Maritime Logistics Hub Under AfCFTA, says NPA MD, Dantsoho

Nigeria has set its sights on becoming the maritime logistics hub for...

NPA unveils simplified export processes for investors, traders, sets up terminals — Dantsoho, MD/CEO

The Nigerian Ports Authority (NPA) has announced the introduction of simplified export...

Japan, Nigeria Collaborate on Port Efficiency, Renewable Energy

The Nigerian Ports Authority (NPA) has taken a significant step towards improving...

CBN Reschedules Monetary Policy Committee Meeting for February 18-19

The Central Bank of Nigeria (CBN) has announced a new date for...

NPA Announces 15% Port Tariff Increase, First in 32 Years

The Federal Government, through the Nigerian Ports Authority (NPA), has announced a...

Agge Deep Seaport Project: Bayelsa Set to Become Major Transport Hub, says Oyetola

A high-powered team from the Federal Ministry of Marine and Blue Economy...

Nigerian Ports Authority Introduces New Protocols for Truck Access to Ports

The Nigerian Ports Authority (NPA) has introduced significant changes to its truck...

NPA, NLNG collaborate to boost Nigeria’s export capabilities

In a bold move to boost Nigeria’s export sector, the Nigerian Ports...

Nigeria’s Economy Soars as Customs Records N196.94trn Trade Value in 2024

The Nigeria Customs Service (NCS) has achieved a remarkable milestone, recording a...

Nigeria Customs Service Generates ₦6.1trn in Revenue for 2024, Exceeds Target by 22%

The Nigeria Customs Service (NCS) has announced a remarkable achievement in revenue...

Domestic Crude Oil Sale Initiative: Tinubu’s Strategic Move Pays Off

President Bola Tinubu’s directive to sell crude oil and refined products in...

NAFDAC to bakers: Use bromate, saccharine to produce bread and risk shutdown

Worried by the health implications of some additives in bread production, the...

Dantsoho at Onne Port, urges terminal operators to scale up investments in port infrastructure

Dr. Abubakar Dantsoho, the Managing Director/CEO of the Nigerian Port Authority (NPA),...

NPA’s CEO Dantsoho Urges Increased Investment in Nigerian Ports, Assures Terminal Operators of Support

The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho,...

NPA’s CEO Dantsoho Makes History as First Nigerian Chairman of PMAWCA

In a groundbreaking achievement, Dr. Abubakar Dantsoho, Managing Director of the Nigerian...

Just in: Senate confirms Omolola Oloworaran as DG PENCOM

The Senate on Thursday confirmed the nomination of Omolola Oloworaran for appointment...

NPA warns public against fake procurement contracts on social media

The Nigerian Ports Authority (NPA) has alerted the public to the activities...

Nigeria Customs Service Exceeds 2024 Revenue Target, Rakes in N5.7trn

The Nigeria Customs Service (NCS) has announced a remarkable revenue generation of...