New Electricity Tariff To Be Implemented In October

The Nigeria Electricity regulative Commission (NERC) is targeting one hundred per cent revenue assortment once the new tariff is settled in Oct.

According to The Nation, its Chairman, Dr. Sam Amadi aforementioned the Distribution Electricity companies (Discos) which are looking forward to tariff and revenue increase are yet to complete their payment. He said that the power distribution companies are paying gradually.

 He said: “The Discos are paying and we are expecting revenue increase. We are working on a new tariff. But the Discos are yet to ramp up payment. They are paying gradually.

“We are expecting more improvement in tariff and revenue collection.  We expect them to do 100 per cent as we are going when the new tariff becomes effective in October.”

Meanwhile, the management of Eko Electricity Distribution Plc. (EKEDP) yesterday said it plans to stop monthly fixed charges on its consumers.

Its Chief Executive Officer, Mr Oladele Amuda who spoke at a stakeholder’s forum in Lagos, said the company would present the proposal to NERC for approval.

“The company is proposing to abolish fixed monthly tariff charge from their bills but this has to be approved by NERC.

“I can assure you that if NERC approves the abolition of fixed charge by October, we will start to implement it immediately,” he disclosed.