Monday, 21 December 2015

Breaking News: Nigerians Will Pay More For Electricity Consumption

Following the increase of the charges for electricity consumption across the country by the Nigerian Electricity Regulatory Commission (NERC) Nigerians will spend more money on electricity.

NERC issued a statement announcing the removal of fixed electricity charges. The commission said that Nigerians would now have to pay for “only what they consume”.

The statement read in part: “Although, the new tariff regimes comes with an increase in energy charges, all electricity consumers (residential as well as commercial) will no longer pay fixed charges, so their total bills will depend on the electricity they actually consume and may be reduced when they conserve electricity.”

 “This is in line with NERC’s mandate to be fair in all its regulatory interventions.

“Consumers will no longer be spending money every month to pay for fixed charges even when they do not receive electricity in their homes and business. The objective of the new tariff is to enable prudent consumers to save money on electricity bill as they can now control their consumption and not pay monthly fixed charges.

“For instance, residential customer classification (R2) in Abuja Electricity Distribution Company will no longer pay N702.00 fixed charge every month. Their energy charge will increase by N9.60. Also, residential customers (R2 customers) in Eko and Ikeja electricity distribution areas will no longer pay N750. 00 fixed charges. They will be getting N10 and N8 increase respectively in their energy charges.

“Similarly, the burden of N800.00 and N750.00 fixed charges would be lifted off the shoulders of Kaduna and Benin electricity consumers. These consumers will see an increase of N11.05 and N9.26 respectively in their energy charges.

“The new tariff is also good news for commercial consumers For example, commercial customers’ classification C2 in Ibadan and Enugu will no longer pay fixed charges of N17, 010. 00 and N22, 141. 00. Their energy charge will increase by N12.08 and N13.35 respectively.

“In line with the transparent disposition to its operations full details of the new tariff regime would be advertised in major national dailies and commission website within the next 24 hours.”

The House of Representatives just recently called on commission to immediately stop its plans to increase electricity tariff, waiting the conclusion of the investigations into the operations of the NERC and electricity distribution companies.