Fidelity bank card banner Camano banner

NERC drops N750 fixed charges, approves new electricity tariff

By News Express on 22/12/2015

Views: 2,404


The new electricity tariff regime approved by the Nigerian Electricity Regulatory Commission (NERC) has removed fixed charges for all classes of electricity consumers.

This is contained in a statement on the company's website, signed by its Head, Public Affairs Department, Dr Usman Abba Arabi.

It said from the next billing period, distribution companies would no longer charge their customers monthly fixed charges.

Fixed charge is that component of the tariff that commits electricity consumers to paying an approved amount of money not minding whether electricity is consumed during the billing period.

Under the new tariff regime, electricity consumers will now only pay for what they consume from month to month.

According to the Chairman of NERC, Dr Sam Amadi: “This is good news for electricity consumers who have long asked for a more just and fair pricing of electricity; the regulatory commission had promised to address all the complaints against fixed charges through a regulatory process that promotes investments in the electricity industry without unfairly burdening electricity consumers.

“This is in line with NERC's mandate to be fair in all its regulatory interventions.”

Although, the new tariff regime comes with an increase in energy charges, all electricity consumers (residential and commercial) will no longer pay fixed charges.

“Their total bills will depend on the electricity they actually consume and may be reduced when they conserve electricity.”

The statement said that consumers would no longer spend money every month to pay for fixed charges even when they did not receive electricity in their homes and business.

“The objective of the new tariff is to enable prudent consumers to save money on electricity bill as they can now control their consumption and not pay monthly fixed charges.”

For instance, residential customer classification (R2) in Abuja Electricity Distribution Company will no longer pay N702 fixed charge every month.

Their energy charge will increase by N9.60kwh.

Also, residential customers (R2 customers) in Eko and Ikeja electricity distribution areas will no longer pay N750 fixed charges.

They will be getting N10/kwh and N8kwh increase respectively in their energy charges.

Similarly, the burden of N800 and N750 fixed charges would be lifted off the shoulders of Kaduna and Benin electricity consumers.

These consumers will see an increase of N11.05/kwh and N9.26/kwh respectively in their energy charges.

The new tariff is also good news for commercial consumers.

For example, commercial customers' classification C2 in Ibadan and Enugu will no longer pay fixed charges of N17, 010 and N22,141.

Their energy charge will increase by N12.08kwh and N13.35kwh respectively. (NAN)

•Photo shows NERC Chairman, Dr. Amadi.

Source News Express

Posted 22/12/2015 04:46:14 AM

 

 

CLASSIFIED ADS

 

You may also like...
Court strikes out suit restraining INEC from issuing...

140 Suspects arrested as Operation Puff Adder commences...

Shell vs Niger Delta case shows justice is...

Kaduna residents lament fuel scarcity

U.S. reiterates plan to aid Nigeria, neighbours combat...

Ogun flags off Home Feeding Programme for primary...

Respect ceasefire deal, Obama tells FG, Boko Haram...

4 children of same parents confirmed dead in...

Nigerian, French producers to work on 12 Nollywood...

30th May will witness a total lock-down of...

New MOSOP leader pledges commitment to Ogoni self-determination...

Beware of Bitcoin, other virtual currencies, warns CBN...

 

Latest News 17 students die in road accident while seeking varsity admission •Their death preventable, says Governor Primate Ayodele predicts outcome of Bayelsa, Kogi Edo guber polls Customs intercepts 8 Armoured Tanks at Nigeria/Cameroon border Boko Haram: Borno Governor faults new military strategy Give Southeast one DIG, five AIGs, 15 Police Commissioners — Intersociety Army deploys new strategy to counter Boko Haram Newcastle stun Spurs as Man City storm back to Prem second spot Crisis looms in Nsukka Community as Igwe insists on sole right to form Town Union Kidnappers, informants in the net Pray that God touches the hearts of Nigerian politicians to use public funds for public good — Peter Obi Nurse in Nigeria’s medical team dies in Makkah FG to prosecute SIPs saboteurs — Uwais

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (531,202 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (439,433 views) Shameless Genevieve Nnaji exposes breasts in public (384,533 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (323,473 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (291,087 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (251,665 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (246,649 views) 10 cars more expensive than Jets (234,159 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (228,598 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (214,791 views) Lagos plane crash: Journalist releases victims’ names (193,542 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (191,405 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (99) Business & Economy (4,407) Business Verdict (79) Columnists (1,097) Complaints & Requests (95) Enterprise & Opportunities (215) Entertainment (649) Features (799) Global Business Monitor (424) ICT Monitor (59) International (3,865) Interview (199) Live Commentary (30) Love Matters (167) Maggie's Blog (387) News (50,408) Opinion (1,337) Pidgin (17) Politics (11,340) Religion (1,089) Sports (2,141) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera