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Electricity Tariff Might be Increased Again…See Shocking Proposed Hike Rate

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Barely eight months after the increment of electricity tariff by 45 percent despite the epileptic supply of power, the tariff is expected to be increased again.
Minister of Power, Works and Housing, Babatunde Fashola
 
There are strong indications that the Minister of Power, Works and Housing, Babatunde Fashola, might be forced to increase electricity tariff by 20 per cent, as distribution companies across the country, have threatened a total shut down of operations, if their request is not granted.
 
According to the Vanguard, the proposal from the distribution companies, seeks to increase the current rate of N22.8 kilowatts per hour, to N105 kilowatt s per hour.
 
The planned increment is coming, not less than 8 months after the Nigerian Electricity Regulatory Commission, NERC, had increased electricity tariff by 45 percent. Despite the nationwide condemnation and disobedience of court orders on the 45 percent increment, the Distribution Companies have been reported to have sent a copy of the new proposal to electricity regulatory body, for ratification and enforcement.
 
The National Electricity Grid, yesterday experienced further drop in its generation to about 3, 531.7 megawatts (mw). This will translate to a drop in supply sent out to the 11 Distribution Companies (DISCOs) across the country.
 
Statistics obtained from the Nigeria System Operator (NSO), a section of the Transmission Company of Nigeria (TCN), indicated that about 78242.67mw hour (mwh) was sent out on Saturday for supply across the DISCOs. Also, while electricity generation peaked at 3,808.5mw, there was a significant drop the same day to 2,931.9mw.

The post Electricity Tariff Might be Increased Again…See Shocking Proposed Hike Rate appeared first on GL Trends.

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Source: Gltrends

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