Nigerians will from Wednesday , April 1 , 2020 , pay more for electricity , The PUNCH reports .
The Nigerian Electricity Regulatory Commission had disclosed this in its December 2019 Minor Review of Multi - Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020 .
Checks by The PUNCH on Monday showed that the decision to increase tariff had not yet been suspended despite the lockdown occasioned by the COVID- 19 pandemic .
A top source at Ikeja Electric told The PUNCH that the firm had not received any directive from NERC as regards reversal of the plan .
He said , “ According to the tariff order for the year, we are supposed to increase on April 1 , 2020 . So far , we have not received any directive not to go ahead . ”
Efforts to get NERC to speak on the matter were not successful on Monday as the spokesman for the commission , Usman Arabi , said he was not around but on a course at the National Institute for Policy and Strategic Studies .
Arabi ’ s substitute , however , did not respond to calls or a text message sent to him .
NERC had disclosed in its December 2019 Minor Review of Multi - Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020 that the order was issued to reflect the impact of changes in the minor review variables in the determination of cost- reflective tariffs and relevant tariff and market shortfalls for 2019 and 2020 .
The commission said the order also determined the minimum remittances payable by the distribution companies in meeting their market obligations based on the allowed tariffs .
It said , “The Federal Government’ s updated Power Sector Recovery Programme does not envisage an immediate increase in end- user tariffs until April 1 , 2020 , and a transition to full cost reflectivity by end of 2021 .

“ In the interim , the Federal Government has committed to funding the revenue gap arising from the difference between cost- reflective tariffs determined by the commission and the actual end- user tariffs payable by customers . ”
According to NERC , all Discos are obligated to settle their market invoices in full as adjusted and netted off by applicable tariff shortfall .
Powered by RubiQu It said , “ All FGN intervention from the financing plan of the PSRP for funding tariff shortfall shall be applied through NBET and the market operator to ensure 100 per cent settlement of invoices issued by market participants .
“ Effectively , this order places a freeze on the tariffs of the TCN and administrative charges until April 2020 at the rates applied in generating MO invoices for the period of January to October 2019 . ”

https://punchng.com/electricity-tariff-to-increase-on-wednesday/

No light

Which kind country b ds 1.When den suppose support citizen by ds time bt dey are making it hard fr every1.Dia is God o.

While we are under lockdown They should come and remove the light that's when they will know that an hungry man is an angry man

This is pure wickedness

They better put that evil plan on hold.

If they dont observe social distancing from nepa pole?
No beg them at all...

Oil and gas prices are super low right now.

What's the rationale for the hike?

For light wey no dey?

Are they increasing tariff for darkness?

God forbid

Its been postponed to July.

So where will the money to pay for the increase come from? Shithole!

Suffer head Nigerians

Buhari lacks vision and critical thinking ..at a time where every country is aiding it's people he is increasing electricity tarriffs

Yankee101:
Oil and gas prices are super low right now.

What's the rationale for the hike?

Exactly

Buhari, see your life

Here in Jos, they are demi gods and are above the Law, still distributing crazy estimated biLLs__in this harSh & trying times of Mr Covid my light was disconnected just yesterday even after receiving the directive from NERC not to charge above N1800 or disconnect power for custOmers without Prepaid meter.

PriCe Of Crude OiL OyeL has crashed and so it's expected of gas they use to power the generating plants, what exaCtLy is the justifiCation for this price Hike in tariff ¿ Scam gOvernment #Covid19

Yet, the masses are always at the receiving end with poor service delivery despite all the tariff increment.

Despite the epileptic power supply? That's unwarranted