The way NERC gleefully rushes to implement new electricity tariff makes it look like that is its only primary function.
NERC had, in an order signed by its Chairman, Sanusi Garba and one of its Commissioners, Dafe Akpeneye, kicked off the year on January 1, 2021, by instructing DISCOs to increase tariff.
This followed a suspension of an earlier order issued in August, increasing tariff from September 1, 2020. However, a threat by The Nigeria Labour Congress (NLC) to go on a nationwide strike forced the government to suspend the tariff for two weeks ending October 15th, 2020.
At the completion of the two-week suspension, the federal government and organized Labour agreed to provide a three-month tariff relief of N10.20 per kilowatt-hour for Nigerians and also distribute six million free meters.
Despite the improving revenue in the power sector, the federal government is set to effect another tariff increase on July 1, following a notice by the Nigeria Electricity Regulatory Commission, NERC, to that effect. The government’s latest move which is part of the half-yearly review of the Multi-Year Tariff Order,
Power Minister Allays Fears of Electricity Tariff Hike thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
Vanguard News
FG to effect minor electricity tariff hike by July 1
On
By Obas Esiedesa
Despite the improving revenue in the power sector, the federal government is set to effect another tariff increase on July 1, following a notice by the Nigeria Electricity Regulatory Commission, NERC, to that effect.
The government’s latest move which is part of the half-yearly review of the Multi-Year Tariff Order, MYTO, has been backed by a recent report by the World Bank that every Nigerian pays less for electricity than what it costs to supply electricity to them.
The World Bank in its Power Sector Recovery Programme, PSRP, Fact Sheet noted that the government has over the years paid the difference because it wants to help poor families pay their bills.
By Ediri Ejor
At the backdrop of rumors of possible hike in electricity tariff, the Minister of Power, Engr. Sale Mamman, has indicated that the ministry is focusing on increased efficiency and not tariff.
In a statement made available to Financial Vanguard last weekend, Mamman said, ‘‘instead of significant hike in electricity tariff, Nigerians should expect an increase efficiency in the sector to reduce tariffs while managing headwinds from foreign exchange and inflation.’’
Mamman explained that the order issued by the Nigerian Electricity Regulatory Commission, NERC, on the 26th of April 2021 titled “Notice of Minor and Extraordinary Review of Tariffs for Electricity Transmission and Distribution Companies” was a routine procedure.