Reps Call For Reversal Of Tariff Increase Aimed At Band A’ Customers

Reps Call For Reversal Of Tariff Increase Aimed At Band A’ Customers....KINDLY READ THE FULL STORY HERE▶

The House of Representatives has instructed the Nigeria Electricity Regulatory Commission (NERC) and electricity distribution companies (DISCOs) to reverse the recent tariff hike imposed on Band A customers. This decision, made following the adoption of a report by the House Committee on Power on Tuesday, aims to address concerns about the affordability of the new tariff, which raised rates to N225 per kilowatt…….. CONTINUE READING 

Chairman of the Committee on Power, Victor Nwokolo, presented the report, highlighting that the increased tariff poses financial challenges for many Nigerians. The committee recommended a return to previous tariff rates, a proposal that was endorsed by the Committee of the Whole and subsequently passed.

In addition to this directive, NERC has issued a warning to DISCOs regarding poor electricity distribution. The regulatory body emphasized that DISCOs must secure at least 95% of their allocated monthly energy for distribution or face penalties. Measures include a potential reduction of 5% in the administrative and operational spending of non-compliant DISCOs for failing to meet these targets.

These developments underscore ongoing efforts to mitigate the financial burden on consumers and improve electricity distribution standards across Nigeria.

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