The Nigerian Electricity Regulatory Commission has directed the 11 electricity distribution companies to increase their tariff effective from January 1, 2020.
The commission said that this order supersedes “other orders issued on the subject matter, and shall take effect from 1st January 2020 and shall have effect on the issuance of a new Minor Review Order or an Extraordinary Tariff Review Order by the NERC.” The commission however based adjustments in the tariff on the relevant data it obtained from the Central Bank of Nigeria and National Bureau of Statistics such as average monthly inflation rate of 11.3 per cent, exchange rate of N309.97.
For the Abuja Electricity Distribution Company residential customers R3 that were paying N27.20 per unit are to now pay N47.09.The commercial customers C3 that paid N27.20 per unit in 2015 when the tariff was last adjusted and implement are now to pay N47.09 in 2020. “The commission shall hold the TCN responsible for deviation from the economic dispatch Order that adversely impact on the base weighed average cost of the wholesale of energy.“All FGN intervention from the financing plan of the PSRP for funding tariff shortfall shall be applied through NBET and the MO to ensure 100 percent settlement of invoices issued by market participants.
In the interim, said the commission, Federal Government, has committed to fund the revenue gap arising from the difference between cost reflective tariffs determined by the commission and the actual end-user tariffs payable by customers.
Just like that without the consent of nassnigeria It would have been better if Nigeria was a banana Republic but we have become slaves in our country
'NERC asks Discos to increase tariff' if that must be done not without prepaid meters. Customers won't find it easy under estimated billing.