The Nigerian Electricity Regulatory Commission (NERC) has increased its electricity price from N68 To N225 per kilowatt hour in the immediate implementation of a new electricity tariff targeting approximately 15% of the commission’s customers.
The Vice Chairman of the Market Competition Rate, Musiliu Oseni, announced this in a press briefing on Wednesday.
Oseni said, “The commission has approved a rate review of N225 per kilowatt hour for just under 15% of the customer population in NERC. So that means that less than 15% of the customers will be affected. And I’m sure you are aware of the number of customers we have in NERC, and these are the customers that have been proven to be enjoying 20 hours average of supply.
“Many of the customers previously classified as Band A customers will not be affected, only less than 15% of the customer population will be affected by this rate review.
“And the reason for this includes, first and foremost, when you look at the state of infrastructure in NERC, the quality of infrastructure in NERC varies from one location to another. There are certain locations where, without any additional investment, the distribution companies and also the transmission companies based on the investment previously made can deliver the minimum of 20 hours per day. But in some locations, there will be a need for improvement in quality of the infrastructure before quality of supply can improve.
“So, the customers that are going to be affected are the customers that are living in locations where no investment is required to meet the 20 hours service, and this constitutes less than 15% of the customer population.”
Oseni however revealed that other customers who will still be paying the non-revised electricity fees will not be getting up to 20 hours average power supply.
Oseni then said that to ensure that those who will be paying the reviewed price will be enjoying sufficient power supply, the NERC has put mechanisms in place.
He said, “There are targets that have been provided for the distribution companies which the commission will monitor and review from time to time to ensure the migration of other customers to better service.”
“As part of the enforcement mechanism for this – because the rate that will be paid which is 225 is just about 3 times the existing rate – the commission is leveraging on technology to ensure that we get access directly to the distribution systems and get the data as the data is being sent from the smart metres that have been installed on the feeders. We are getting it real time or near real time. We don’t give the discos the opportunity of any manipulation of data.”
Ozioma Samuel-Ugwuezi
Follow us on:
Albania plans a one-year TikTok ban from January after a schoolboy’s death sparks concerns over…
A suspect accused of killing five people by driving into a crowded Christmas market in…
A US Navy F/A-18 Hornet was mistakenly shot down over the Red Sea by the…
NNPC has reduced petrol ex-depot price to N899 per litre, sparking competition with Dangote Refinery…
President Tinubu has urged enforcement of strict crowd control measures after deadly stampedes in Anambra,…
In a move to alleviate the burden of rising transportation costs following the removal of…
View Comments
minimum price E-AUCTION E-AUCTION E-AUCTION E-AUCTION E-AUCTION Some Auction Vehicles/Cars For Sale
Mama Africa #17,000 •Tomatoes Rice # *15,000* •Cap Rice #15,000 •My Food #17,000 •Mama Gold #17,500 •Ade Brazil #15,000 •Elephant Gold #15,000 •Royal Umbrella #15,000 Etc.
Golf3= 400,000
Camry Tinny-Light=500,000
Tundra 1,300,000
Toyota Exterra=850,000
Toyota Camry big daddy=650,000
Toyota Venza= 1.7million
Toyota Avalon=850,000
Toyota Rav4=950,000
Toyota Prado=1.3million
TOYOTA HILUX=2million
Toyota Sienna=850,000
TOYOTA 4-RUNNER=950,000
Toyota Corolla=650,000
Toyota Matrix= 700,000
Toyota Highlander=950,000
Toyota Picnic=500,000
Tacoma 1.850,000
Toyota Hiace Bus=950,000
Toyota Tundra=1.5million
Toyota Sequola=900,000
BMW 5-series=1.960,000
BMW 3-series=1.640,000
BMW X6=2.670,000
Ford Edge=700,000
Ford Escape=600,000
Honda Elantra=600,000
Honda Baby-Boy=700,000
Dyna Truck 900k
TIPPER Head 6mill
Honda Accord=550,000
Honda CRV=650,000
HONDA CIVIC=500,000
HONDA EVIL-SPIRIT=750,000
HONDA ODYSSEY=500,000
Honda Pilot=850,000
Nissan pathfinder=800,000
Nissan Amanda=750,000
Infinity=950,000
Benz C250=N1.300,000
Benz C300=1.6MILLION
Benz ML350=2 million
Benz ML300=1.5 million
Benz ML550=2.6million
Mercedes-Benz C-Class ₦1.3Million
Mercedes-Benz E-Class ₦1.8Million
Mercedes-Benz GLK ₦3.Million
Es330 1.6
Lexus C5 350=950,000
IS250 1m
Lexus Rx300=1.2 million
Lexus Rx330=1.5 million
Is350 2mill
Gx470 1.8mill
Lexus Rx350= 2 million
ES350 2mill
Land Rover Discovery ₦3.2Million
Land Rover Freelander ₦3.6Million
Land Range Rover Sport ₦4Million
Acura MDX ₦1.8Million
Pequot 206=350,000
Pequot 406=470,000
Pequot 607=650,000
.....
((08132115039) (+234_915__6089_111)