The suspension of the new electricity tariff has been
extended by one week.
James Momoh, Chairman, Nigeria Electricity Regulatory
Commission (NERC) confirmed this on Monday.
He spoke when the ad hoc Technical Committee on Electricity
Tariff submitted its interim report at a bilateral meeting between Federal
Government and the Organised Labour.
Momoh said the week extension was to enable the committee
review and work out modalities for the implementation of the agreement reached
on the electricity tariff’s structure.
Chris Ngige, Minister of Labour and Employment, said that
adoption of the work plan to effect the resolutions has been reached.
The resolutions adopted would be implemented by all
stakeholders on Sunday, October 18.
He noted that government was using the Nigerian Electricity
Supply Industry (NESI) VAT proceeds to provide relief in electricity tariff.
“This is to leverage on the VAT from the NESI. The increases
experienced by customers due to the transition to the Service Based Tariff will
be reduced. Band A – 10 percent reduction; Band B – 10.5 percent reduction; and
Band C – 31 percent reduction.”
Agreements were also reached on National Mass Metering
Programme (NMMP)
For the distribution of the first one million meters, the
Ministry of Power will liaise with Central Bank of Nigeria (CBN), Nigerian
Electricity Regulatory Commission (NERC) and Nigerian Electricity Management
Services Agency (NEMSA).
They are to start work by October 12 to accelerate the roll
out of meters with a target of December 2020.
Ngige said the government was committed to providing six
million meters.
Furthermore, NERC is expected to compel the DISCOs to meet
the metering needs of the customers.
Local procurement for Meters for National Mass Metering
Programme (NMMP) was also agreed.
NERC must ensure that the personnel costs of electricity
workers should be placed on first-line charge on the Primary Collection
Account.
The agency was ordered to oversee mandatory refund for over
billing during system transition by the DISCOs.
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