Thursday, 28 November, 2024

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House Urges FG To Suspend Planned Hike In Electricity Tariff


The House of Representatives has urged the National Electricity Regulatory Commission (NERC) not to approve any increase in electricity tariff in Nigeria.

The resolution followed the adoption of a motion on ‘Suspense over Planned Electricity Tariff Hike’ moved by Hon. Aliyu Sani Madaki at plenary on Thursday.

Madaki notified the House that recently, electricity distribution companies (Discos) alerted customers of a planned electricity tariff hike hinged on the Multi Year Tariff Oder (MYTO).

He noted that the circular issued by the Discos stated that effective July 1, 2023, there would be an upward review of the electricity tariff influenced by fluctuating rates.

Under the MYTO 2022 guidelines, the previous exchange rate of N441/$1 may be revised to approximately N750/$1 which would have an impact on the tariffs associated with electricity consumption.

According to the lawmaker, “Under the planned hike, consumers within ‘B’ and ‘C’ with supply hours ranging from 12, 16 hours per day will pay N100 per KWh, while Bands ‘A’ with 20 hours and above and ‘B’ with 16-20 hours, would experience comparatively higher tariffs, that is, for customers with a prepaid metre whereas, for those on post paid (estimated) billing, a significant increment is expected to be higher.

Credit: The Nigeria Lawyer

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