There is apprehension in the country over the planned introduction of a new electricity tariff regime, which is expected to take off today.
• Consumers experience vending challenges amid panic buyingWith the initial denial by the Distribution Companies and the continued silence of the Nigerian Electricity Regulatory Commission on the issue, Nigerians are confused as to whether they would start paying more for electricity from today or not.
Abuja Disco, for instance, told its customers that while some bands will have their tariffs increased to N100, others will have theirs raised higher. The Ikeja Disco and Eko Disco also sent similar messages to their customers. But AEDC turned around a few days after, appealing to its customers to disregard the planned tariff increase, as approval for such increment had not been received.
A source at the Manufacturing Association of Nigeria headquarters in Abuja, who preferred to remain anonymous, told The Guardian that the DisCos were only trying to save face because of the outrage and that the increase would most likely still happen, but quietly this time. He added that it was strange to them that the NERC is silent as the DisCos are claiming that there is no increment in the offing as information communicated to them says otherwise.
“It has been done quietly in the past. It is until people start noticing changes in the unit that we will realise that it has been increased,” he said. In an attempt to improve revenue in the power sector and change the financial situation in the sector, the previous administration had approved a Service Based Tariff approach where electricity tariff would increase twice a year.
Coming weeks after the removal of fuel subsidy and the floating of the naira amidst rising inflation, Nigerians had cried out against the move . Currently, the inflation rate is 22.41 per cent and some experts have projected that it would hit 30 per cent by the end of June given the floating of the naira and subsidy removal on PMS.
However, an energy economist, Dr. Percy Chukwuma-David, has said that the proposed tariff increase is ill-timed and ill-structured.
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