She urged government to reduce the cost of governance in order to save funds.
He said customers under the other bands will soon experience similar tariff hikes as the government moves to remove electricity subsidy in the sector.
This followed the adoption of a motion on Complaints on Metering Customers by Uchenna Okonkwo (LP-Anambra) at a plenary in Abuja.
The Senate has urged President Bola Tinubu’s government to stop its planned electricity tariff increase via the planned withdrawal of electricity subsidy.
FCCPC has backed the action of the Nigerian Electricity Regulatory Commission (NERC) against 11 DisCos.
The review revealed multiple instances of discrepancies and non-compliance with monthly energy caps set by NERC.
He said that in the tariff, NERC included some provision that would ensure that the DisCos pay what they are obligated to pay.
NERC said that the vendor-financed framework recorded 446 metre installations.
“No university in Nigeria teaches regulatory economics. What we do in the sector is regulatory economics,” said NERC official Dafe Akpeneye.
NERC said the federal government spent N135.2 billion to plug the revenue generation shortfall in the power sector in Q2 2023.
