New electricity tariff regime begins in July – Minister

The minister said the proposed tariff review was delayed by three months due to the COVID-19 outbreak and customer apathy.

The Minister of Power, Sale Mamman, has insisted that the new increment on electricity tariff will take off in July.

He said following the completion of public consultation on tariff review, the regulator, Nigerian Electricity Regulatory Commission had initially planned to conduct a tariff review in April 2020. “The challenge we are currently facing in the development and expansion of our transmission line is budget and release of Federal Government’s commitment in the estimated sum of N32 billion primarily for Right of Way acquisition and environmental impact mitigation.

He said, “Indeed, the prevalence of the pandemic has already reduced productivity due to the strategy adopted globally to contain it. “This explains our prayer for the distinguished senators to consider and approve additional funding for the execution of the various projects we are undertaking,” he said.

“We believe solving two challenges alone, would not only redress these challenges, but will also unlock the sector for investment, efficiency and service delivery, bringing affordable and stable power to the nation.

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