NEW ELECTRICITY TARIFFS EFFECTIVE FEB. 1, NERC INSISTS

 NEW ELECTRICITY TARIFFS EFFECTIVE FEB. 1, NERC INSISTS

The Nigerian Electricity Regulatory Commission has ignored the advice of the House of Representatives by insisting that the new electricity tariffs will come into effect from February 1, 2016.

It also announced that the power distribution companies had one year from now to provide meters for all their customers and stop issuing estimated bills.

On December 21 last year, the commission announced new tariffs payable by electricity consumers, indicating increase in charges for different categories of consumers and also abolished the fixed charges.

It explained that the new electricity rates and its directive on fixed charges would take effect from the next billing period, which is from February 1, this year.

 

LTV

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