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Home Financial Literacy Small Business

Small Businesses To Get New Fixed Electricity Charge

Ugodre Obi-chukwu by Ugodre Obi-chukwu
January 4, 2013
in Small Business
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According to a Punch Article, the National Electricity Regulatory Commission (NERC) through its DG Dr Sam Amadi has confirmed that SME’s will in the next three months have a new fixed rate for electricity. Currently, SME’s have been placed on the same Fixed Electricity charge with large companies and industrial concerns following the implementation of the Multi Year Tariff Order (MYTO).

In addition to consumption charges, businesses are also expected to pay fixed charges on their electricity bills.

Tags: Power SectorSME
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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