“The BPSR was a critical player and stakeholder in the reforms that opened up the power sector to proper regulation…”
Nigerians are expecting better times in terms of electricity supply and can’t wait to reap the benefits of such plans.
The government had on Wednesday sacked the management of AEDC over allegations that it hasn’t been meeting its commitments to stakeholders.
According to NERC, consumers may elect to acquire a meter from the Meter Asset Programme (MAP) pending the conclusion of the NMMP.
The increase in tariff will take effect from September 1, with a tariff rate of between N42.44 to 58.94, depending on customer class.
Mr Oyelade ordered IBEDC to start fresh billing from December 2020 for all the customers affected by the estimated billing in the area.
NERC said the reviews would put into consideration changes in inflation, foreign exchange, gas prices and available generation capacity.
Whether at home or not, electricity bills from DisCos always wait for hapless subscribers who have no choice but to pay.
Despite ordering a reversal of the hike, Mr. Mamman ironically doubled down on NERC’s statement on Tuesday which denied the increment.
The party says the 100 percent hike in electricity tariff will worsen the economic hardship being faced by Nigerians at this time.
