News

NERC Approves New Electricity Tarrifs, Removes Fixed Charges

The new electricity tariff regime announced by the Nigerian Electricity Regulatory Commission (NERC) has removed fixed charges for all classes of electricity consumers.

This is contained in a statement on the company’s website, signed by its Head, Public Affairs Department, Dr Usman Abba Arabi.

It said from the next billing period, distribution companies would no longer charge their customers monthly fixed charges. Under the new tariff regime, electricity consumers will now only pay for what they consume from month to month. Although, the new tariff regime comes with an increase in energy charges, all electricity consumers (residential and commercial) will no longer pay fixed charges.

According to the Chairman of NERC, Dr Sam Amadi:

“This is good news for electricity consumers who have long asked for a more just and fair pricing of electricity.

” The regulatory commission had promised to address all the complaints against fixed charges through a regulatory process that promotes investments in the electricity industry without unfairly burdening electricity consumers.

” This is in line with NERC’s mandate to be fair in all its regulatory interventions.”

“Their total bills will depend on the electricity they actually consume and may be reduced when they conserve electricity.”

The statement said that consumers would no longer spend money every month to pay for fixed charges even when they did not receive electricity in their homes and business.

Source: PM News Nigeria

 

Leave a Comment