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Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom - Politics - Nairaland

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NERC, Directs Nigerians Without Prepaid Meters To Stop Paying Bills / Electricity Tariffs To Increase – FG / Electricity Tariffs To Be Raised Upon Power Stability—buhari (2) (3) (4)

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Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by wholexy009(m): 9:46am On Oct 23, 2015
Plans have been concluded to increase electricity tariffs by as much as 40 per cent for some customers next month as a fall in the value of the naira and rising costs hinder efforts to end daily blackouts in Africa’s largest economy. “We are working on the numbers and going through the processes,” Bloomberg quoted the Chairman, Nigerian Electricity Regulatory Commission, Dr. Sam Amadi, as saying.

According to him, some tariffs will increase by five per cent, while others will see prices raised as much as 40 per cent, depending on the electricity distribution companies and class of customer, adding that the change in rates would take place mid-November. After proposing to NERC last week an average increase of 49.4 per cent in electricity tariffs for residential customers, the power distribution companies have also sought a hike in the rates payable by commercial consumers by 21 per cent on the average. Their demands, however, are subject to approval by NERC, the regulator of the power industry.

SOURCE: Punch – Pg. 28
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by kemlily(f): 9:48am On Oct 23, 2015
hmmmmm Sai Baba why nau.................some parts of the country cant even afford to pay the former one not to now talk of increament angry

1 Like

Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by kelvine(m): 9:49am On Oct 23, 2015
This is why we are wailing...
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by wholexy009(m): 9:49am On Oct 23, 2015
NERC should at least wait till the recent improvement is sustained over time
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by donTbone(m): 9:50am On Oct 23, 2015
undecided
Time for the Chinese biz of POWER GENERATOR to boom!
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by wholexy009(m): 9:57am On Oct 23, 2015
Hopefully many of the low income earners will fall close to the 5% rise
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by Chanchit: 9:57am On Oct 23, 2015
I know my area would be part of the 5% cos even as the thing never increase dem still never see the money collect.
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by Firefire(m): 10:03am On Oct 23, 2015
wholexy009:
Plans have been concluded to increase electricity tariffs by as much as 40 per cent for some customers next month as a fall in the value of the naira and rising costs hinder efforts to end daily blackouts in Africa’s largest economy. “We are working on the numbers and going through the processes,” Bloomberg quoted the Chairman, Nigerian Electricity Regulatory Commission, Dr. Sam Amadi, as saying.

According to him, some tariffs will increase by five per cent, while others will see prices raised as much as 40 per cent, depending on the electricity distribution companies and class of customer, adding that the change in rates would take place mid-November. After proposing to NERC last week an average increase of 49.4 per cent in electricity tariffs for residential customers, the power distribution companies have also sought a hike in the rates payable by commercial consumers by 21 per cent on the average. Their demands, however, are subject to approval by NERC, the regulator of the power industry.

SOURCE: Punch – Pg. 28

Please CHANGE the heading to:

Cost of Darkness To Rise By 40% Next Month.


Change is here!

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Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by biafranqueen: 10:05am On Oct 23, 2015
That is all Nigerians will have for pocket is "CHANGE"

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Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by sammyj: 10:12am On Oct 23, 2015
This is corruption of the highest order which Nigeria should fight and reject to the last. This is unacceptable and would not fly. PMB should be careful and watch out for an increase that has no human faces that affected the past clueless administration during the fuel subsidy saga angry
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by Nobody: 10:12am On Oct 23, 2015
It's very likely this will not be approved. If it does, I expect NLC to wake up and kick against it
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by wholexy009(m): 10:13am On Oct 23, 2015
Firefire:


Please CHANGE the heading to:

Cost of Darkness To Rise By 40% Next Month.


Change is here!
The reality is that we have to pay more if the recent improvement in supply is to be sustained, however there is the need to ensure this is properly done to avoid exploiting the low income consumers whose consumptions are not too significant.
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by emamos: 10:15am On Oct 23, 2015
.
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by emamos: 10:16am On Oct 23, 2015
kelvine:
This is why i am wailing...
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by Frankiss44(m): 10:46am On Oct 23, 2015
Soon they will join us in wailing... The wailing will be so strong that it will be difficult to differentiate between the wailers and the waileeee
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by Frankiss44(m): 10:47am On Oct 23, 2015
lovinggirl101:
It's very likely this will not be approved. If it does, I expect NLC to wake up and kick against it

The question is how many things has the so called NLC successfully kicked against?
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by Pavore9: 10:48am On Oct 23, 2015
If the access becomes 24hrs, many would not mind paying the extra as it is cheaper than running a generator.
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by omolami: 10:54am On Oct 23, 2015
All CSO , NLC, TuC etc are expeted to protest this proposed hike because power is yet to increase or stable in many areas. Let Buhari tell nigerians what efforts by way of installations or spendings on power since he assumed office. Present relative power increase was the manifestation of what Gej put in place before leaving. What has buhari done that would warrant increase? It should be protested
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by Nobody: 11:27am On Oct 23, 2015
lovinggirl101:
It's very likely this will not be approved. If it does, I expect NLC to wake up and kick against it

Have you ever seen NLC react on anything that has to do with the power sector?
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by omowolewa: 11:38am On Oct 23, 2015
Then what happens to salary, unemployment, and quality of life.
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by wholexy009(m): 11:41am On Oct 23, 2015
smiley
omolami:
All CSO , NLC, TuC etc are expeted to protest this proposed hike because power is yet to increase or stable in many areas. Let Buhari tell nigerians what efforts by way of installations or spendings on power since he assumed office. Present relative power increase was the manifestation of what Gej put in place before leaving. What has buhari done that would warrant increase? It should be protested
Take a chill pill. I don't think people will really protest about this provided there is corresponding increase in supply and the rise is reasonable
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by fineguy11(m): 11:43am On Oct 23, 2015
this is nonsence.....if the executive should approve this,then i give up on this admimistration.......i was expecting the cancellation of the 700 charge fee not this..
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by 4Play(m): 12:03pm On Oct 23, 2015
http://www.bloomberg.com/news/articles/2015-10-22/nigeria-to-raise-electricity-rates-up-to-40-as-costs-increase
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by Nobody: 12:06pm On Oct 23, 2015
Whatever. I pay what I can afford.
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by TechRev: 12:09pm On Oct 23, 2015
Those that voted 5% in the election should get 5% increase.
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by wholexy009(m): 12:13pm On Oct 23, 2015
TechRev:
Those that voted 5% in the election should get 5% increase.

grin LWKD
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by Chigold101(m): 6:13pm On Oct 23, 2015
wholexy009:
Plans have been concluded to increase electricity tariffs by as much as 40 per cent for some customers next month as a fall in the value of the naira and rising costs hinder efforts to end daily blackouts in Africa’s largest economy. “We are working on the numbers and going through the processes,” Bloomberg quoted the Chairman, Nigerian Electricity Regulatory Commission, Dr. Sam Amadi, as saying.

According to him, some tariffs will increase by five per cent, while others will see prices raised as much as 40 per cent, depending on the electricity distribution companies and class of customer, adding that the change in rates would take place mid-November. After proposing to NERC last week an average increase of 49.4 per cent in electricity tariffs for residential customers, the power distribution companies have also sought a hike in the rates payable by commercial consumers by 21 per cent on the average. Their demands, however, are subject to approval by NERC, the regulator of the power industry.

SOURCE: Punch – Pg. 28
good news oh... I love this...This is the change we voted for
Re: Electricity Tariffs To Rise By 40% Next Month (UPDATED)NERC to Apply Wisdom by wholexy009(m): 10:26am On Oct 27, 2015
Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi has said the commission would apply the principles of prudence and affordability in the current upward review of electricity tariffs in the country. Amadi gave the clarification against the backdrop of reports that NERC would increase the tariffs by 40 per cent. The NERC chairman, who described the report as inaccurate, added that the review process was still ongoing.

Amadi was quoted recently to have stated that between 40 per cent and five per cent increase would be approved for the distribution companies.
But he told Thisday that NERC had not finished the review “so there is no way of knowing the percentage increase.” “It is all speculative; we will not know until the end of the review,” he added. On how the 40 per cent increase credited to him, was arrived at, Amadi stated that “we said that in the tariff proposals from the discos, some have 40 per cent; some 60 per cent; some 5 per cent and so on for different customer classes.”

SOURCE: Thisday – Online

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