he new tariffs approved for electricity consumers across the country will become effective on Monday and will enable the power distribution, generation and transmission companies to acquire needed infrastructure, the acting Chairman of the Nigerian Electricity Regulatory Commission, Dr. Anthony Akah, has said.
Akah, who said this when he led top executives of the regulatory agency on a courtesy call on the National Orientation Agency in Abuja on Thursday, also said there was no going back on the new tariffs.
The NERC boss said the lack of cost-reflective tariffs had hindered the electricity companies from acquiring the necessary infrastructure, adding that with the new tariffs, they would not have any excuse for not delivering on agreements they entered into with the government.
He said the Nigerian power sector reform must provide an appropriate pricing template, which had been lacking, leading to deficiency in revenues from power.
This, he added, necessitated the new Multi-Year Tariff Order to enable the generating, transmission and distribution companies to provide the needed infrastructure for higher generation and supply of electricity to meet the needs of consumers.
Akah said under the new MYTO, all premises must be metered and consumers who subscribe to specific metering models must be supplied meters within 60 days after which they would not be disconnected or charged on estimation if a meter was not supplied.
He also said that a Power Consumer Assistance Fund had been put in place to cater for the electricity needs of the less-privileged in the country, adding that the visit was part of the establishment of a coordinated approach to creating public awareness ahead of the February 1 implementation date of the new MYTO. Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
U na go kill us finish within this four years.Na one Chance we enter but God dey. Apseeeeeee! Change. All those sweeping the broom have all thrown them away.May be they will go for vacuum cleaners this time around. Ci kena!
ReplyDeleteIn essence if the distribution company failed to provide me meter within 60days I should stop paying estimated bills while still enjoying electricity supply? Exactly what I have been advocating for...
ReplyDeleteSo they will use our money to build their company capacity,this is unfair,imposing high tariffs on us to acquire needed infrastructure, and the bill continue that way. They should hv loan from bank to establish well.
ReplyDeletehttp://dollarcell.com/?ref=68116
ReplyDeleteAPCeeeee! Changi!!!!!!
ReplyDeleteWith 18,000 naira minimum wage i don't know how this government wants Nigerians to survive an increase on electricity, may be the electricity is for the rich alone
ReplyDelete