Senate orders suspension of new electricity tariff

TVC E, BUSINESS - The Nigerian Senate on Tuesday, asked the ministry of power, the Nigerian Electricity Regulatory Commission (NERC), and the electricity distribution companies to immediately suspend the 45 percent increase in electricity tariff ‎This the senate says was prompted by the present economic situation of the country which has brought untold hardships on Nigerians. Recall that Civil society groups have protested on the first of February, across the country against the increase of electricity tariff. Acting on the call by Nigerians, a senator representing Bauchi north, urged the senate to immediately intervene in the situation. He also asked that the senate probe how funds ‎allotted to the electricity companies has been spent, and look into factors hindering the optimal functioning of the power sector. Other senators who lend their voices to the debate, insist the latest increase in electricity tariff was the fourth since the privatisation of power. After the motion had been taken,...

New Electricity tariff to take effect from Feb.1 — NERC

TVCE - The new electricity tariff recently released by the Nigerian Electricity Regulatory Commission will take effect from February 1, 2016, the commission has restated. According to a statement issued on Friday by the NERC Head of Public Affairs, Usman Abba-Arabi, the regulatory agency has directed all the distribution companies to abide by this directive and should not connect new customers without first providing them with meters. The statement noted that the acting Head of NERC, Anthony Akah, stated that the removal of fixed charge under the new tariff regime was in response to electricity consumers’ complaints. The measure, according to NERC, was to ensure that electricity distribution companies improve on service delivery as their income was dependent on the quantity of electricity used by their customers. The statement however reassured that the commission would continue to engage stakeholders and members of the National Assembly to address their concerns on the new tariff regime. “NERC...