₦airaland Forum

Aba Power Limited Electric, APLE, has applied to the Nigerian Electricity Regulatory Commission, NERC, to increase electricity in its franchise area by 123.33% from January 1, 2025.

The company at a public hearing organised by NERC in Abuja on Tuesday blamed inflation, rising exchange rate and high operational cost in its quest for the extra ordinary tariff review.

If the application is approved by the Commission, electricity tariff for non-maximum demand customers in Band-A would rise from N99.9/kWh to N223.12/kWh. The tariff for maximum demand (MD1) customers in Band-A would rise from N107.5/kWh to N240.09/kWh, while those in MD2 would pay N245.2/kWh instead of the current N109.79/kWh.

Compared to the tariff approved by NERC for other electricity distribution companies, customers supplied by Aba DisCo would pay N35.7/kWh more than consumers across the country.

But the company argued that it did not benefit from the minor tariff review approved by NERC for other DisCos in December, 2022.

Justifying the application for increase, APLE Managing Director, Mr. Ugo Opiegbe said the hike would ensure improved and stable power supply to its customers in Aba.

He set the parameters for the application at 25% inflation rate, N1,654.2/$ exchange rate, average energy offtake cost of N135/kwh and annual operational expenses at N189.6 billion. The company expects its revenue to hit N227 billion in 2025.

He said the bulk of its power will be supplied by Aba Independent Power Plant owned by Geometric Power with supplementary supply from Alaoji Power Plant owned by the Niger Delta Power Holding Company, NDPHC.

Speaking at the public hearing, NERC’S Vice Chairman, Musiliu Oseni said the Commission would give its verdict on the application after considering all the factors affecting the industry and on the presentations made during the hearing.

He harped on the need to improve services to consumers, adding that “when your customers are happy, they will be willing to pay more to you, so that you can also improve on your operational performance. I think that aspect, we need to look at it critically. It’s quite good that you already concluded the process. Before we allow your cost to be passed on to the end user, we’ll have to look at it and see the problems it might cause or otherwise.”

aieromon:
https://www.vanguardngr.com/2024/12/nerc-aba-disco-applies-for-123-increase-in-electricity-tariff/

brolinderick:
NERC will approve for them. My grouse with this NERC is that they're anti-people.
They want to inrease tarrifs. What about the supply of power they are giving to the people? Can they boldly come out to say they've been consistent with their services?

BiafranPatriot:
Being energy independent is a must. We will reduce intake to make sure we maximize useage when required.

In Aba, light is constant and talk of collapsed National Grid no kwancern them oo. An industrial city evolving and growing in leaps and bounds.

Not ,Ogun State that borrowed loans and had NIGERIAN properties seized abroad by a small Chinese company. After all the IGR bigger than California noise.

IGBO Amaka ....Levels.

aieromon:
https://www.vanguardngr.com/2024/12/nerc-aba-disco-applies-for-123-increase-in-electricity-tariff/

BiafranPatriot:
Who killed TINAPA with negative Propaganda....Yoruba press. Immediately TINAPA died they rushed their lekki free trade zone project.

Who made Oyel companies administrative office leave the NIGER DELTA, same Yoruba claiming that the region is not safe abi? But in the so called safe LAGOS, the CEO of the company that represents LG in NIGERIA was kidnapped in peaceful LAGOS. Immediately the news was buried without Noise.

So many instances where these people undermine other regions because they want to annext attendant benefits to themselves.

Do you know that there is NO, direct international flight from and to the SE. Even though the SE is the region with the highest passenger patronage and investment in the aviation sector? Isn't that a calamity?

When the issue of seaports is discussed a YORUBA man on Yahoo news wrote a piece undermining the profitability or functionality of a sea port to service the SE. Their mindset, is that all containers must come through LAGOS, is that not wickedness.? Search for the piece on Yahoo News. That is how devious they are.

Nobody is fooled anymore...

I rub it in their face, so that they know we understand their game.

aieromon:
https://www.vanguardngr.com/2024/12/nerc-aba-disco-applies-for-123-increase-in-electricity-tariff/