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• Increase between N2 and N4 reflecting impact of inflation, forex – Commission
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The Federal Government has again increased the electricity tariff payable by power consumers across the country.
Approval for the hike in tariff was given by the Nigerian Electricity Regulatory Commission, as the increase which varies, based on different consumer classes, took effect from January 1, 2021.
A few hours after the news of the tariff hike broke, the NERC issued a statement, denying a 50 per cent hike as had been reported in some circles (excluding
THE PUNCH).
The regulatory agency blamed N2 to N4 adjustment in tariff on inflation and movement in foreign exchange rates.
President of the Trade Union Congress, Quadri Olaleye
The Federal Government has again increased the electricity tariff payable by power consumers across the country.
Approval for the hike in tariff was given by the Nigerian Electricity Regulatory Commission, as the increase which varies, based on different consumer classes, took effect from January 1, 2021.
A few hours after the news of the tariff hike broke, the NERC issued a statement, denying a 50 per cent hike as had been reported in some circles.
The regulatory agency blamed N2 to N4 adjustment in tariff on inflation and movement in foreign exchange rates.
However, the Trade Union Congress issued a stern warning, asking the Federal Government to revert to old electricity tariff or face the consequences of its action.
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Published 31 December 2020
In Nigeria, more than half of registered electricity consumers get monthly bills that are estimated by the distribution companies and prepaid meters are still hard to come by, more than seven years after the privatisation of the power sector, ‘FEMI ASU reports
Millions of electricity consumers across the country lack functional meters, with many groaning under the weight of estimated bills from the distribution companies as they are deprived of the right to be in full control of how much they spend on electricity monthly.
In 2016, when Mr John Ovat was about moving into a new apartment at Rumuagholu Pipeline in Port Harcourt, Rivers State, his landlord, Dr Enang Idongesit, was sick and tired of the estimated bills he was receiving from Port Harcourt Electricity Distribution Company.