FGN Orders Electricity Hike Of Up To 78%
By Iwedi Ojinmah 2 months ago
The Nigerian Electricity Regulatory Commission (NERC) on Saturday announced the immediate review of electricity tariffs in the country from January 1.
The Awareness has earlier reported that this was to be expected in the New Year.
The review order was issued to the 11 electricity distribution companies (DISCos) on December 31, 2019, but was just published on the Commissionâs website on Saturday.
Signed jointly by the Chairman of the Commission, Joseph Momoh, and the Commissioner for Legal, License & Compliance, Dafe Akpeneye, the order was titled âDecember 2019 MYTO Minor Review Orderâ for the 11 DISCOsRelated: FGN, United State Trade And Development Agency, General Electric And NNPC Sign $1.1million Grant To Support Electricity Infrastructure Development In Nigeria
The affected DISCos include
Abuja Electricity Distribution Company,
Benin Electricity Distribution Company,
Enugu Electricity Distribution Company,
Eko Electricity Distribution Company,
Ibadan Electricity Distribution Company,
Ikeja Electricity Distribution Company,
Jos Electricity Distribution Company,
Kaduna Electricity Distribution Company,
Kano Electricity Distribution Company,
Port Harcourt Electricity Distribution Company
Yola Electricity Distribution Company
The various tariff reviews for all categories of consumers â except those consumers classified as residential (R1) â ranged from 59.7 per cent for consumers in Ikeja to 77.6 per cent in Enugu. This means that for instance electricity consumers in Ikeja who used to pay about N13.34 per kWh since under the 2015 MYTO when the last review was carried out will from January 1 this year pay N21.80 per kWh, same as their R2 counterparts.
Meanwhile, their counterparts in Enugu who used to pay about N17.42 per kWh will, under the new order, pay about N30.93 kWh from January 1.
Their R2 and R3 counterparts who paid about N19.31 and N27.11 per kWh since 2015, will now be paying N34.28 and N48.12 per kWh.
Residential (R2) and R3 consumers in Ikeja, who have been paying N13.34 and N26.5 per kWh since 2015, will now be paying N21.30 and N21.80 per kWh. Residential consumers are those categorised as those using singe phase and three-phase meters and electricity consumption of about 50 kWh in premises with flats exclusively for residential purposes.
The order, the Commission said, supersedes âother orders issued on the subject matter, and shall take effect from January 1, 2020.â
It is safe to assume that Nigerians already disappointed with the quality of service rendered will react with outrage.