Today, the 8th Senate of the Federal Republic of Nigeria directed the Nigerian Electricity Regulatory Commission (NERC) to immediately suspend the February 1st, 2016 tariff hikes, which are estimated to be upwards of 40 per cent.
According to the Senate President, Dr. Bukola Saraki:
“This move is necessary because any increase in cost, without the necessary improvement in service delivery by the power companies is unacceptable.
Furthermore, the power distribution companies must work to ensure that every establishment in Nigeria is provided with capabilities for metered billing. Doing this would end the sharp practice of arbitrary billing, which estimates the power consumption of Nigerians in the generation of their monthly bills.”
NAIRAMETRICS had reported that the Nigerian Electricity Regulatory Commission, NERC, released a new electricity tariff regime sometime late last year for electricity users in the country.
This tariff has various rates of increase in energy charges for consumers across the country.
Alongside with this new tariff, NERC also announced the removal of fixed power charges for all classes of electricity consumers, stressing that power users would henceforth only pay for what they consume.