Tag "tariff"

    The politics of electricity tariff

The politics of electricity tariff

Whether we like it or not, the issue of electricity tariff is a touchy one. In the power sector reform, we are always talking about power generation, transmission and distribution. We are always talking about how many megawatts we are producing or want to produce. We have also regularly discussed the cost of gas and the infrastructure to get it [...]

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    Lawan: Consumers should be properly metered before electricity tariff increase

Lawan: Consumers should be properly metered before electricity tariff increase

Senate President Ahmad Lawan says consumers should be properly metered before the increase in electricity tariff. On Monday, the national assembly convinced the electricity distribution companies (DisCos) to halt the proposed increase in tariff for power consumers. In January, the Nigerian Electricity Regulatory Commission (NERC) had announced that there would be an upward review of electricity tariff across the country from April 1. However, [...]

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    NERC suspends electricity tariff increase over coronavirus

NERC suspends electricity tariff increase over coronavirus

The Nigerian Electricity Regulatory Commission (NERC) has directed electricity distribution companies (DisCos) in the country to suspend the proposed tariff increase. In January, the regulator had announced that there would be an upward review of electricity tariff across the country from April 1. But in a memo on Tuesday, the commission said the adverse effects of the coronavirus has affected global economy [...]

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    Customers to pay more as Ikeja DisCo increases tariff by 50% from April

Customers to pay more as Ikeja DisCo increases tariff by 50% from April

Ikeja Electric (IE) says its electricity tariff will increase by 50 percent from April 1. This is contained in a memo on the company's performance improvement plan and application for extraordinary tariff review of MYTO submitted to the Nigerian Electricity Regulatory Commission (NERC). In January, the regulator announced a review of the multi-year tariff order (MYTO) 2015 and the minimum remittance order [...]

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    NERC: Power sector recorded N1.7trn tariff shortfall in four years

NERC: Power sector recorded N1.7trn tariff shortfall in four years

The Nigerian Electricity Regulatory Commission (NERC) says the power sector recorded ₦1.72 trillion tariff-related revenue shortfall from 2015 to 2019. The commission said this in a newly released consultation paper on the proposed extra-ordinary tariff review of the MYTO-2015 tariff order for the Nigerian Electricity Supply Industry (NESI). NERC said the proposed tariff review in the sector is to ensure that electricity [...]

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    EXTRA: Stop calling us NEPA if you want electricity, say DisCos

EXTRA: Stop calling us NEPA if you want electricity, say DisCos

Sunday Oduntan, executive director of research and advocacy, Association of Nigerian Electricity Distributors (ANED), has asked Nigerians to stop calling its members NEPA.  ANED is the umbrella body of electricity distribution companies (DisCos). Speaking during a programme on TVC, he said if Nigerians keep calling them NEPA, it means they don't want electricity. The National Electric Power Authority (NEPA) was in charge of [...]

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    Increase of electricity tariff unacceptable, says reps’ minority leader

Increase of electricity tariff unacceptable, says reps’ minority leader

Ndudi Elumelu, minority leader of the house of representatives, says the proposed increase of electricity tariff in the country is unacceptable. The Nigerian Electricity Regulatory Commission (NERC) had announced a review of the multi-year tariff order (MYTO) 2015 and the minimum remittance order (MRO). Following the directive from NERC, electricity distribution companies (DisCos) said from April 11, they  will adjust their [...]

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    New electricity tariff to kick in from April

New electricity tariff to kick in from April

The electricity distribution companies (DisCos) say they will begin the implementation of a new tariff  from April. The Nigerian Electricity Regulatory Commission (NERC) had announced a review of the multi-year tariff order (MYTO) 2015 and the minimum remittance order (MRO). The regulator said it does not envisage an immediate increase in end-user tariffs until April 1 and a transition to full cost [...]

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    PDP describes electricity tariff increase as toxic New Year’s gift to Nigerians

PDP describes electricity tariff increase as toxic New Year’s gift to Nigerians

The Peoples Democratic Party (PDP) says the proposed increase in electricity tariff by the federal government will worsen the suffering of Nigerians. The Nigerian Electricity Regulatory Commission (NERC) announced a review of the multi-year tariff order (MYTO) 2015 and the minimum remittance order (MRO). From April, 11 electricity distribution companies (DisCos) will adjust their tariffs upwards. In a statement on Sunday, Kola [...]

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    IN DETAIL: N40 in Benin, N28 in Ikeja — here’s what you now have to pay for electricity

IN DETAIL: N40 in Benin, N28 in Ikeja — here’s what you now have to pay for electricity

On Wednesday, the Nigerian Electricity Regulatory Commission (NERC) approved new energy tariff for the electricity distribution companies (DisCos) in the country. For each DisCo, the tariffs differ according to customer classification. This piece focuses on the price range for residential customers under the R2 class – the amount they currently pay and what they are expected to pay next. Most residential [...]

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    It’s ONLY an adjustment of 2015 tariff, says NERC on electricity charge review

It’s ONLY an adjustment of 2015 tariff, says NERC on electricity charge review

The Nigerian Electricity Regulatory Commission (NERC) says the recent review on electricity charge is an adjustment of 2015 tariff. On Wednesday, the regulator released series of publications tagged 2016-2018 minor review of the 2015 multi-year tariff order’ (MYTO) for each electricity distribution company (DisCo). It said the review will become effective from January 1, 2020. In a statement on Friday, the commission said [...]

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    Customers to pay more as NERC approves new electricity tariff (updated)

Customers to pay more as NERC approves new electricity tariff (updated)

The Nigerian Electricity Regulatory Commission (NERC) has approved new energy tariff for the electricity distribution companies (DisCos) in the country. The commission made this known on Wednesday in a series of publications tagged '2016-2018 minor review of the 2015 multi-year tariff order' (MYTO) for each DisCo. While there are no fixed rates across all DisCos, the tariffs now range from N4 per [...]

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    LADOL seeks fair review of free zone tariffs

LADOL seeks fair review of free zone tariffs

Amy Jadesimi, managing director of Lagos Deep Offshore Logistics Base (LADOL), says the company will collaborate with the federal government to ensure fairness in the review of free zone tariffs. Jadesimi said this will help foreign and local investors with operations in the free zone to benefit from the scheme in line with the government’s ease of doing business mandate. She made [...]

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    Adewole: Tobacco, alcohol taxes should be increased — and used to fund health budget

Adewole: Tobacco, alcohol taxes should be increased — and used to fund health budget

Isaac Adewole, minister of health, says consumption taxes on products like alcohol and tobacco should be increased and used for the funding of healthcare. In February, TheCable reported that Kemi Adeosun, minister of finance, had written to President Muhammadu Buhari seeking permission to increase tariff on alcohol and cigarettes. Speaking on Tuesday at THISDAY healthcare financing policy dialogue in Abuja, Adewole said Nigeria [...]

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    EXCLUSIVE: NCC directs mobile operators to increase data tariffs

EXCLUSIVE: NCC directs mobile operators to increase data tariffs

The Nigeria Communication Commission (NCC) has directed mobile operators to initiate a new data tariff regime from December 1, 2016 in what is effectively a price increase. In a letter to mobile operators dated November 1 and seen by TheCable, the regulator stated that the interim floor price for data services was 0.90k/MB for big operators, and that "this rate will [...]

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NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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