Nigeria Electricity Regulatory Commission (NERC) Chairman Prof. James Momoh yesterday vowed to review the prevailing electricity tariff.

Speaking with reporters after the Minister of Power, Works and Housing, Babatunde Fashola inaugurated him in Abuja, he said the commission would look into the computation of the tariff.

He said: “The tariff is not a challenge you cannot solve. It happened, you learnt something about it last week. You don’t have to relearn the same lesson today.

“You should be able to ask question–what are we going to do tomorrow to avoid the problem?. There is what you call data science in the new thinking of the world, where we collect data, you learn from the information and you predict the future. So if we don’t do that, we are wasting our time. Because you know it is going to rain tomorrow so you get your umbrella. You don’t wait until it rains before you go by umbrella.”

Momoh added: “We have no choice; we have to look at what computes a tariff. Tariff is not a guesswork. There is a calculation you do to get there.”

He said he believed in team work for quick wins, adding that some of the quick wins should be what the commission could do in terms of estimated billings and how to ensure that it gets enough data to convince customers to pay for the power they use.

Momoh said: “If we remain the same, and we remain static, and we are not solving real problem, we will just be doing fire brigade promise. The GenCos will always tell you there is a blackout without knowing why.

“You are going to ask question why. I know why, because I know the Mathematics behind it, I know the Physics behind it. I know also the Economics behind it. If we are able to teach people to know why things go wrong, perhaps, we learn from our mistakes,” he said.

Momoh, who said the industry should anticipate problems, insisted that “we look back, we use lessons of yesterday to solve tomorrow’s problem.”

Earlier, Fashola said observers would admit that power supply has increased since 2015, submitting that “without a doubt, we have increased generation to 7000Mw, increasing the transmission to over 7,000Mw, and increasing the distribution from 2,690 to average of 4,900 or 5,000.”

He said the electricity market has a capacity of 2,000Mw that has been stranded, which the ministry is working to distribute before this year end.

According to him, the NESI has a new stock of 459Mw underway from Azura that has notified him on the completion of its plant and its readiness to commence operation.

Momoh said the sector is expecting another 240Mw from Afam and another 215Mw from Kaduna. Besides, he noted that the market is also expecting power from Kashimbilla, “but the distribution end is where our challenge lies.”

Fashola said the mini-grid regulation has started yielding results, and the ministry is already seeing the impacts in the market.

He said this year, markets such as Suru in Lagos, Sabon Gari in Kano, Ariria in Aba, and some other markets are going to be energised.

Fashola noted that since the completion of the privatisation of the sector, the size of the ministry has shrunk from the previous staff strength of the 50,000 to less than 1,000.

https://www.financialwatchngr.com/2018/05/04/expect-more-increase-in-electricity-bill-nerc/

for the light wey no dey?...u pple hv sha conspire with dis herdsman to make life difficult...your fada!

What is all this for God sake.
With improvement in electricity in my area,I still believe they are over charging not to even talk of increasing it,what is this country turning into.

Fashola and his friends have increased Tariff thrice already in less than 3 years 1 openly and 2 secretly but till date there is no noticeable improvement in electricity and the entire business chain...

Debazent:
What is all this for God sake.
With improvement in electricity in my area,I still believe they are over charging not to even talk of increasing it,what is this country turning into.

Visa to Cotonou where I live is free bro.

Sai Baba Nigerians.

But these people have no shame!!

They keep talking on how they improved power ON PAPER!! Every thing like success of this government, is just paper and statistics.

I guess Nigerians have been also eating 4square meals on paper.

For me, I have no problem with increased cost of electricity provided it is prepaid and only on what is consumed.

But did people gt problem ... Don't let ur situation b like thisnooo

Abeg na Somalia i will just enter....this country self don tire me

Hmmmmm. He knows everything just the way fashola too knew everything about power then, still yet its still a rocket science despite increasing tariff. Only God knows how many time they will increase it before the year runs out.



Check my signature for your quality customised Atm card flash drive

Ask and it shall be given unto you. This is what you guys asked for, enjoy it.

MOKU o. We don suffer for our government hand walahi.

17K na him nepa bring for me last month, i never pay and dem still wan increase.

Useless people,we didn't see electricity yet you bring monthly bills,now telling us we should expect more charges,una go die in poverty patapata

Pay for darkness.


They promised change once they got in they changed promise.


In Mi's voice. Thier fada

expect more illegal connection and metre bypassing

APC change

God, is it a crime to live In Nigeria? Y all this hardships? Price of every commodity kips going up everyday. who curse Nigeria...

No problem at all we will pay it. It's the calamity some foools brought upon this country.

Only a fool will still attempt to kill the dead....

Buhari killed us since 2015 and he still doesn't want us to RIP??

Wicked somebody

Paying crazy bills for darkness..God punish una dia.

The senate should fight against crazy bills to win the masses on there side.

Please if you have any electrical power that you're not currently using can you lend me so I'd watch Super Story...

when will we have "ASSURANCE" from the electricity sector in Nigeria?

Buhari and his cohorts after 2019

Again!!!!

Which kin tin b this one na
What happened to increase in megawatts?
Tufiakwa to this APC change

Here in Ikeja, Electricity has really improved. But shame, I am looking for money for Generator for the hours for the remaining hours.

stop estimated bills shikena

ezekielenejeta:
Nigeria Electricity Regulatory Commission (NERC) Chairman Prof. James Momoh yesterday vowed to review the prevailing electricity tariff.

Speaking with reporters after the Minister of Power, Works and Housing, Babatunde Fashola inaugurated him in Abuja, he said the commission would look into the computation of the tariff.

He said: “The tariff is not a challenge you cannot solve. It happened, you learnt something about it last week. You don’t have to relearn the same lesson today.

“You should be able to ask question–what are we going to do tomorrow to avoid the problem?. There is what you call data science in the new thinking of the world, where we collect data, you learn from the information and you predict the future. So if we don’t do that, we are wasting our time. Because you know it is going to rain tomorrow so you get your umbrella. You don’t wait until it rains before you go by umbrella.”

Momoh added: “We have no choice; we have to look at what computes a tariff. Tariff is not a guesswork. There is a calculation you do to get there.”

He said he believed in team work for quick wins, adding that some of the quick wins should be what the commission could do in terms of estimated billings and how to ensure that it gets enough data to convince customers to pay for the power they use.

Momoh said: “If we remain the same, and we remain static, and we are not solving real problem, we will just be doing fire brigade promise. The GenCos will always tell you there is a blackout without knowing why.

“You are going to ask question why. I know why, because I know the Mathematics behind it, I know the Physics behind it. I know also the Economics behind it. If we are able to teach people to know why things go wrong, perhaps, we learn from our mistakes,” he said.

Momoh, who said the industry should anticipate problems, insisted that “we look back, we use lessons of yesterday to solve tomorrow’s problem.”

Earlier, Fashola said observers would admit that power supply has increased since 2015, submitting that “without a doubt, we have increased generation to 7000Mw, increasing the transmission to over 7,000Mw, and increasing the distribution from 2,690 to average of 4,900 or 5,000.”

He said the electricity market has a capacity of 2,000Mw that has been stranded, which the ministry is working to distribute before this year end.

According to him, the NESI has a new stock of 459Mw underway from Azura that has notified him on the completion of its plant and its readiness to commence operation.

Momoh said the sector is expecting another 240Mw from Afam and another 215Mw from Kaduna. Besides, he noted that the market is also expecting power from Kashimbilla, “but the distribution end is where our challenge lies.”

Fashola said the mini-grid regulation has started yielding results, and the ministry is already seeing the impacts in the market.

He said this year, markets such as Suru in Lagos, Sabon Gari in Kano, Ariria in Aba, and some other markets are going to be energised.

Fashola noted that since the completion of the privatisation of the sector, the size of the ministry has shrunk from the previous staff strength of the 50,000 to less than 1,000.

https://www.financialwatchngr.com/2018/05/04/expect-more-increase-in-electricity-bill-nerc/

funny how the so called activists from my osogbo are quiet now but wia dhouting upandan wen Gej was in power
fashola is just mad
cc immhotep onyeoga pointzerom iceberg3 shalomc

K

This is it..... These people are very selfish they want to kill us wif tax increases tariff on almost everything and at the end they will expect manufacturing to be cheaper here... Brace up people cost of goods are never coming down soon not with all this reckless policies.


Thinking out loud... In a sane country citizens will protest all this nonsense buh well this is niaja where we. Don't seem sane