- The Nigeria Electricity Regulatory Commission (NERC) is targeting 100 per cent revenue collection when the new tariff is effected in October
- Dr. Sam Amadi, chairman of NERC said the Distribution Electricity Companies (Discos) which are looking forward to tariff and revenue increase are yet to ramp up their payment. According to him, the power distribution firms are however paying gradually.
“The Discos are paying and we are expecting revenue increase. We are working on a new tariff . But the Discos are yet to ramp up payment. They are paying gradually.
“We are expecting more improvement in tariff and revenue collection. We expect them to do 100 per cent as we are going when the new tariff becomes effective in October.”
- Meanwhile, the management of Eko Electricity Distribution Plc (EKEDP) yesterday said it plans to abolish monthly fixed charges on its consumers.
- Its Chief Executive Officer, Mr Oladele Amuda who spoke at a stakeholders forum in Lagos, said the company would present the proposal to NERC for approval.
“The company is proposing to abolish fixed monthly tariff charge from their bills but this has to be approved by NERC.
“I can assure you that if NERC approves the abolition of fixed charge by October, we will start to implement it immediately,”
- He said the new proposed tariff was N25 per kilowatt instead of the N17 per kilowatt that was being used to charge now. Amuda said with the new tariff, the company would have sufficient money to change many transformers and conductors