Sunday, 23 October 2016

Fashola Set To Add 200% increase In Electricity Tariff

Updated 23 October, 2016
Electricity consumers may have to pay more for light if electricity distribution companies (Discos) get what they want. 

Discos have presented a proposal to NERC saying they want the current tariff to be raised as high as 200 per cent from the current N22.8 per kilowatt-hour. 

The current tariff to residential electricity consumers across the country may go up by 200 per cent very soon, reports Punch. 

This is because electricity distribution companies (DISCOs) have presented a proposal to the Nigerian Electricity Regulatory Commission (NERC) about the need for them to raise tariffs to consumers as soon as possible. 

Punch quoted the Chief Executive Officer (CEO) of Association of Nigerian Electricity Distributors, an umbrella body for the Discos, Azu Obiaya as confirming the move for tariff increase. Obiaya said the proposal for tariff increase is important in order to remain in business and provide good service to Nigerians. 

In the proposal, the Discos are seeking to increase current average energy charge of N22.8 per kilowatt-hour to either N70 or as high as N105. 

“To review the tariff, we will be looking at an average rate of N70 per kilowatt-hour for residential consumers. But some Discos will like to have the rate as high as N105/kWh,” he said. 

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