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Electricity Tariff: Panic As Power Firms Push For 100% Hike

1 Min Read
Power grids

Electricity firms in the country are pushing for a fresh 100 percent hike in electricity tariff, which would make it the second increase in just six months.

The NERC had announced a previous 45 percent hike in electricity tariff which took effect from February 1, 2016.

It had said the hike would enhance service delivery and customer satisfaction.

The DisCos has however written to the regulatory authority, the Nigerian Electricity Regulatory Commission (NERC) demanding hike in tariff from the current average of N24 per kilowatt (for residential consumers) to N50 per kilowatt.

However, the Director General of the Manufacturers Association of Nigeria (MAN), Mr Remi Ogunmefun, said that his association has opposed that move in writing to the NERC.

A source at the NERC confirmed that the DisCos had written a letter seeking for the increase, Daily Trust reports.

“When MAN got wind of the power firms’ letter seeking for the 100 percent hike, they equally wrote a letter countering the DisCos claims,” the source said.

The spokesperson of NERC, Mike Faloseyi, when contacted on Sunday, said he was not aware of the proposed hike.

 

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