FG Hikes Electricity Tariffs, Abolishes Fixed Charges

The Nigerian Electricity Regulatory Commission has increased electricity tariffs, while removing fixed charges for all consumers.

The new tariffs were approved Sunday.

Henceforth, all electricity distribution companies are not to bill customers the fixed charge component, starting from the customers’ next round of billing, the regulator directed.

Fixed electricity charge is a component of the tariff consumers are made to pay monthly, separate from what they actually consume.

The controversial N750 fixed charge nationwide had generated intense controversy among consumers who described it as illegal.

The chairman of NERC, Sam Amadi, said that under the new tariff regime, electricity consumers would only pay for what they consume from month to month.

Mr. Amadi said the removal of the fixed charge component was in compliance with consumers’ demand for a just and fair pricing of electricity in the country.

Credit: PremiumTimes

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