The electricity distribution
companies (DisCos) say they will begin the implementation of a new tariff from April.
The Nigerian Electricity
Regulatory Commission (NERC) had announced a review of the multi-year tariff
order (MYTO) 2015 and the minimum remittance order (MRO).
The regulator said it does not
envisage an immediate increase in end-user tariffs until April 1 and a
transition to full cost reflectivity by end of 2021.
In a statement issued on Monday
to clarify the tariff review, Sunday Oduntan, executive director, research and
advocacy, Association of Nigerian Electricity Distributors (ANED), umbrella
body of the DisCos, described the review as a “slight increment”.
“The Tariffs shall remain the
same as they presently are (i.e. 2015 levels) until April 01, 2020 when there
will be a slight increment to cater for tariff shortfalls which shall be
gradually passed on to the consumer until this is fully completed by the end of
2021,” Oduntan said.
“In view of the foregoing, we
state emphatically that there shall be no change or increase in the existing
Electricity tariff until April 01, 2020 when the new adjusted tariffs shall
begin to gradually reflect the dynamism of our macro-economy.
“We sincerely hope that this
statement substantially clarifies the accurate position and allays any fears
and concerns, our esteemed customers may have.”
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com