He said tariffs will be increased from between 5 and 40 per cent depending on the electricity distribution companies and class of customer, adding that the change in rates would take place mid-November. “We are working on the numbers and going through the processes,” the Chairman, Nigerian Electricity Regulatory Commission, Dr. Sam Amadi, told Bloomberg.
Last week, power distribution companies proposed an increase of 49.4 per cent in electricity tarriff for residential customers and 21 per cent for commercial customers to NERC. The Abuja, Benin, Enugu, Jos and Ibadan power distribution firms proposed 48 per cent, 61 per cent, 60 per cent, 63 per cent and 56 per cent increase in tariffs for R1 customers, respectively.
Similarly, the Ikeja, Kano, Port Harcourt and Yola Discos proposed 32 per cent, 40 per cent, 46 per cent and 83 per cent increase in electricity tariff in their submissions to NERC, while the Eko Disco requested the least increase in tariff at five per cent for R1 customers.
For commercial consumers, the firms are proposing 21 per cent increase in tariff for those in the C1 category. The Enugu Electricity Distribution Company is seeking 56.53 per cent increase in the commercial tariff; Jos, 30.01 per cent; Ibadan, 18.64 per cent; Ikeja, 25.02 per cent; Kano, 46.93 per cent; Port Harcourt, 10.99 per cent; and Yola, 43.16 per cent.
Two of the firms, the Abuja and Eko Discos, did not request any increase, while the Benin Disco reduced its commercial tariff by 23.55 per cent.
Source: The Punch
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