A Review of the Nigerian Energy Industry

PHED announces plan to increase electricity tariff

Mkpokana Udoma, 15 June 2015, Sweetcrude, Port Harcourt – The Port Harcourt Electricity Distribution Company, PHED, has announced its plan to review electricity tariff in the four states of its operation.

Power2PHED said the move follows a directive by the Nigerian Electricity Regulatory Commission, NERC, to electricity distribution companies to meet with customers and inform them about the need to review tariff in view of current realities and challenges in the industry.

Corporate Communications Manager of PHED, Mr. Jonah Iboma, in a statement made available to SweetcrudeReports said the notice of intention to review tariff has already been published in the company’s website and the company’s offices in the four states PHED operates namely Akwa Ibom, Bayelsa, Cross River and Rivers states.

According to the statement, “The directive by NERC to electricity distribution companies to meet their customers on the planned tariff review, was done so that all stakeholders would be able to make inputs into any new tariff that is set by the regulators.”

“We have stated our intention to review tariff on our website and other media so that customers will be aware of what we intend doing.”

“We also want to get their feedbacks so that the review is done in a manner that meets regulatory standards and results in delivering the best solution to the industry as a whole.”

Ibomah in the statement also disclosed that the Nigerian electricity industry is still characterised by lots of challenges that require huge investments in technology, manpower and power plants to overcome, explaining that stakeholders need to be aware of this in making their inputs for the tariff review.

“It is common knowledge that Nigeria’s electricity industry is passing through a challenging phase right now and the solution to the problems lie with all customers, NERC and all citizens of Nigeria. That is why all stakeholders must carefully consider issues at stake in making their recommendations.”

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