NLC, MAN kick as DisCos increase electricity tariffs

Tuesday’s commencement of the new rates followed the approval of the Multi Year Tariff Order 2020 by the Nigerian Electricity Regulatory Commission .

According to them, rates charged are fair to customers and will guarantee full recovery of efficient cost of operations and reasonable rate of return on capital invested by the power firms. Head of Communications of the EEDC, Emeka Eze, said the tariff increase was approved by the NERC and not a unilateral decision by the company.

“This is measured by the average availability of power delivered over a month period; factoring the frequency and duration of interruptions and other service parameters. The order shall remain in force until a new MYTO Order is issued. In the interim, the tariffs for customers in Bands D and E shall remain frozen until there is improvement in service levels.

Abdullah added: “Yes, the implementation has started, the National Electricity Regulation Commission has given directive to that effect. So, by the end of this month, those who don’t have meters will see the new tariff reflecting and also those who are buying electricity token will have it reflected.

Source: News Formal (newsformal.com)

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