The Federal Government will review existing tariffs structure to remove impediments inhibiting the growth of local industries, the Vice President, Prof Yemi Osinbajo, has said. Osinbajo said the high tariffs imposed on local products are not encouraging growth, adding that the government is working towards restructuring the current tariff structure to discourage the importation of […]
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A new increase of over 200 per cent in electricity tariff being paid by residential consumers if a proposal by power distribution companies to raise the average energy charge to N105 per kilowatt-hour from the current rate of 22.8KWH is approved. This is coming less than eight months after about 45 per cent increase in […]
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The Federal High Court in Lagos yesterday dismissed an application by the Nigerian Electricity Regulatory Commission (NERC) seeking to stay proceedings in the suit on electricity tariff hike. Justice Mohammed Idris refused the motion for being unmeritorious. He awarded a punitive cost of N10,000 against NERC. Activist-lawyer Toluwani Adebiyi, who obtained an order restraining NERC […]
Read More THE country may be thrown into a blackout in the near future if the advice by the Senate to the Nigerian Electricity Regulatory Commission to reverse the new electricity tariffs is heeded, power distribution companies have said. This is coming as NERC stated that it had not received any official communication from the National Assembly […]
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A human rights lawyer, Barr. Toluwani Yemi-Adebiyi has approached the Federal High Court to charge the management of the electricity distribution companies (DISCOs) and the Nigeria Electricity Regulatory Commission (NERC) for contempt of court. Justifying the need for the court action against the plaintiffs, Yemi-Adebiyi said the legal implication of NERC and DISCO defiance is […]
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THE Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Tuesday justified the 45 per cent increment in electricity tariff, which took effect on Monday, stressing that the action remained the only way to enhance stable power supply in the country. Fashola, who stated this when he appeared before the Senate Committee on Power, […]
Read More THE Association of National Electricity Distributors on Sunday has described the new tariffs, which will become effective on Monday (today), as a necessary move that will attract investments into the power sector. This is, however, coming amid opposition from labour unions, with the Nigeria Labour Congress, Trade Union Congress of Nigeria and some civil society […]
Read More THE new tariffs approved for electricity consumers across the country will become effective on Monday and will enable the power distribution, generation and transmission companies to acquire needed infrastructure, the acting Chairman of the Nigerian Electricity Regulatory Commission, Dr. Anthony Akah, has said. Akah, who said this when he led top executives of the regulatory […]
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There are indications that the planned increment in electricity tariff by the Nigeria Electricity Regulatory Commission (NERC) due to take off on February 3, 2016 may be shelved as stakeholders particularly the Nigeria Electricity Consumers Advocacy Network (NECAN) yesterday kicked against it. This development was the outcome of a meeting convened by the ad hoc […]
Read More 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 […]
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