Lagos — The Nigerian Electricity Regulatory Commission, NERC, has given some power distribution companies approval to raise their electricity tariffs.…
Browsing: electricity tariff increase
OpeOluwani Akintayo 10 September 2018, Sweetcrude, Lagos — The Nigerian Electricity Regulatory Commission, NERC, has explained why it is yet…
NERC explained that the actual tariff for one kilowatt-hour of power is meant to be N51, as against the current unit cost of N31.58 for which electricity distribution companies are selling the commodity.
He said that pricing methodology mandated the commission to carry out a minor review of the tariff bi-annually and adjust the exogenous factors that were beyond the control of the investors and the regulators.
10 January 2017, Abuja – The Federal Government has said that it will not approve a fresh electricity tariff hike at least…
He added that in this instance, the government lacks the moral right to sanction them because many of its agencies still owe huge sums of money for electricity they consumed over the years.
He added that, “NERC has to balance those requirements against the desire of all of us to pay as little as possible for electricity. The fact of the matter is that if we want electricity to improve, we have to habituate ourselves to pay what it cost.”
The Niger state Governor decried the poor supply of electricity to the state, even as he assured the electricity firm that the state government will pay what it owes the company if they can increase the 10 megawatts currently allocated to the state by another 10 megawatts.
25 December 2014, Abuja – Beginning from January 1, 2015, individuals and organisations that use electricity for commercial purposes will…