Reps Move Against Proposed Electricity Tariff Hike – Business Post Nigeria

By Adedapo Adesanya

The Home of Representatives has stated it gained’t stand for the Nationwide Electrical energy Regulatory Fee (NERC) to extend electrical energy tariffs amid present realities battled by Nigerians.

This decision was reached following a movement introduced by Mr Aliyu Madaki, who expressed sturdy disapproval of the value hike, particularly contemplating the latest improve in petrol costs that has already burdened many Nigerians.

Mr Madaki emphasised that it’s inappropriate and insensitive to introduce such a big tariff improve at a time when residents are nonetheless grappling with the influence of the petrol worth surge following the extermination of the subsidy regime.

In response to the movement, the Home has mandated its committee on energy, as soon as constituted, to interact in discussions with NERC.

The purpose is to hunt a mutual understanding and discover a center floor to deal with the proposed tariff hike, contemplating the present financial challenges confronted by the populace.

The lawmakers say the Home stays dedicated to safeguarding the pursuits of Nigerians and making certain that choices made by regulatory our bodies are in keeping with the welfare of the residents.

Recall that DisCos had deliberate to extend the tariff from July 1, 2023, however this was dismissed. It was claimed that there was by no means such a plan within the pipeline.

Earlier than the proposed increment, clients on Band B have been charged about N45 per kilowatt hour, particularly in early Could 2023, however later within the month, it was raised to about N65 per kilowatt.

Enterprise Publish reported that on Wednesday, a buyer of Ikeja Electrical was charged about N70 per kilowatt hour for electrical energy unique of Worth Added Tax (VAT), however inclusive of the 7.5 per cent VAT; the value was about N75 per kilowatt hour.

It was additionally reported that the electrical energy distribution companies within the nation formally wrote a letter to the business’s regulator, in search of its approval to extend tariffs.

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