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» 40% Electricity Tariff Hike Too Much: Senate Asks NERC To Suspend New Fee
Posted by Oluseyi Olaniyi
Posted on Tuesday, February 16, 2016
with No comments
Below is a statement from the on the contentious matter of electricity tariff hike:
“Today, the 8th Senate directed the Nigerian Electricity Regulatory
Commission (NERC) to immediately suspend the February 1st, 2016 tariff
hikes, which are estimated to be upwards of 40 per cent.
This move is necessary because any increase in cost, without the
necessary improvement in service delivery by the power companies is
unacceptable.
Furthermore, the power distribution companies must work to ensure that
every establishment in Nigeria is provided with capabilities for metered
billing.
Doing this would end the sharp practice of arbitrary billing, which
estimates the power consumption of Nigerians in the generation of their
monthly bills.”
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