Tag
ELECTRICITY TARIFFS
Honorable Aliyu Madaki moved the motion to reject the increase, which would create an additional cost burden on Nigerians who are already feeling the burden of the rise in food prices, transportation costs as well as an inflation rate of 22.79%.
The Federal Competition and Consumer Protection Commission (FCCPC) has said that not allowing customers to vend as much as they want is illegal.
The recent hike in electricity prices is yet to be factored into the consumer price index which measures the inflation rate
The lower chamber of the National assembly is considering a bill that will allow Nigerians to enjoy electricity for two months without any charges.
The Eko Electricity Distribution Company (EKEDC) has guaranteed its customers that there would be constant power supply during this lockdown period.
The Nigerian Electricity Regulatory Commission (NERC) has postponed the take-off of the new electricity tariff by the Electricity Distribution Companies (DisCos)
Ikeja Electric has advised customers to preload their meters in advance to avoid power outage as they stay at home during this coronavirus crisis.
The proposed increase in electricity tariff by DisCos has experienced setback with the FCCPC because it will affect unmetered customers.
FG will bear a financial burden of N544.894 billion in 2020 being the cumulative shortfall in electricity tariffs of the 11 DisCos.
Nigerians will start paying more on electricity supply as the Federal Government is planning on increasing electricity tariffs.
The Nigerian Electricity Regulatory Commission (NERC) in a document uploaded on its website has given reasons for the review in electricity tariffs.