Nigerian Electricity Regulatory Commission, NERC, has approved over 50 per cent hike in electricity tariff payable by customers of the 11 Distribution Companies, DisCos.

This is coming just two months after it finally implemented a much opposed hike in November 2020.

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According to a revised Multi Year Tariff Order (MYTO) signed by the new Chairman of NERC, Engr. Sanusi Garba, on December 30, 2020, and sighted Tuesday, the new tariff increase took effect on January 1, 2021, and supersedes the previous Order NERC/2028/2020.


In the new Order NERC/225/2020, the commission said it considered the 14.9% inflation rate rise in November 2020, foreign exchange of N379.4/$1 as of December 29, 2020, available generation capacity, US inflation rate of 1.22% and the Capital Expenditure (CAPEX) of the power firms to raise the tariff.

The revised Service Based Tariff (SBT) also saw increase in the rates payable by all classes of electricity users unlike the one of November 2020, that exempted low power getters.

This is effective till June 2021 while a Cost Reflective Tariff (CRT) expected to raise the new cost higher will be activated from June to December 2021, the NERC Order revealed.

Daily Trust had reported that in December, 2020, NERC notified that it had begun a review for another tariff, which has been completed and had taken effect from January 1, 2021.

NERC had raised tariff for the DisCos in September but that drew outrages from customers and the organised labour, prompting the federal government to suspend it while parties dialogued.

By November 1, 2020, the suspended tariff was implemented after some discounts were given for customers who get 12 hours and above power supply daily.

However, those with less than 12 hour supply did not get a tariff hike, according to the NERC order of November 2020.

https://dailytrust.com/breaking-fg-hikes-electricity-tariff-again

NERC, PHCN, 50%, electricity tariff etc,, all of them are mad for this new year..

We warned Nigerians against voting this useless president but they called us Igbos

Make we kuku endure the "Change" you voted for till 2023.

Another mistake any Nigerian would do is voting Tinubu because he will be worst than Buhari .

How much per unit now

Jus imagine

Now I see why orubebe was shouting
"we will not take it"
Oya let's all lend our voices and say!

I noticed that the units we purchased this January had reduced from what it was ....

Leave dis people..their blood or sugar level don increase again..dem go reduce,wen their blood and sugar level reduce.

Some people will act surprised but this was expected. Trust the useless NLC to look thw other way as usual.

To those imbéciles in Aso Rock, you cannot tax your way to prosperity, its never done and those who tried it failed woefully. The sooner you attract FDI's and encourage SME's with sane policies, the better for your junta

You won't see those clowns and zombies here

yarimo silvernorgold iamwonderful simplyleo helinues afamed

Our darling daddy is at it again.

.

It is not new, for my area them share 19500 give
90 percent of the house, all landlord and Landlady form meet say them no go pay.......

The sharing na flat rate ohhhhhh

Ayobo ni ooooh

Docile Nigerians will adjust again!

Hmm
What will Buhari supporters says again?
My joy is that, we are on it together.

Electricity that is unsteady and poor megawatts.Another upgraded next level of chain from the oppressive government.

Pained

one day God will deliver us from this one chance government

Happy new calendar tarrif increment, e remain petrol and DSTV

Azmanaty:
You won't see those clowns and zombies here

yarimo silvernorgold iamwonderful simplyleo helinues

including senatordave1 and that aboki dansuqi