Sunday, January 5, 2020 2:34 pm
File: Power Plant
Nigeria is the only country that defies the law of demand pull inflation! In other words, in elementary economics, the higher or better the supply, the higher the price. In this country, the more hopelessly epileptic the supply of electricity, the more the citizens are made to pay. It is like Solomon’s son, threatening to chastise his subjects with scorpions.
Now Nigerian Electricity Regulatory Commission, NERC, has said that the electricity tariffs being paid by consumers will increase in April this year.
NERC disclosed this in its ‘December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020,’ which, as a medium reported, was dated December 31, 2019.
‘It said the order, effective from January first, 2020, was issued to reflect the impact of changes in the minor review variables in the determination of cost-reflective tariffs and relevant tariff and market shortfalls for 2019 and 2020.
The commission said the order also determined the minimum remittances payable by the Discos in meeting their market obligations based on the allowed tariffs.
It said the Federal Government’s updated Power Sector Recovery Program does not envisage an immediate increase in end-user tariffs until first April 2020 and a transition to full cost reflectivity by end of 2021.
According to NERC, all Discos are obligated to settle their market invoices in full as adjusted and netted off by applicable tariff shortfall.’
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2 Comments
Lest l forget, this is in addition to my earlier comments, we must realise that during this dastardly deprivation , the rights of so many Nigerians was blatantly trampled upon via forceful imposition of bills on unconsumed energy . There must be a way to calm such nerves and provide compensation that can only be by providing along with new meters not less than five hundred units of energy as credit to every new customer. The DisCos actually ripped off Nigerians by way of ” estimated billings ” there is no doubt about it. Good enough the government is part owner in the business and the whole essence of government is to ensure good governance amongst which is ensuring the interest of the citizens of the country.
Paying more for electricity might be a good one right now to make a thing of the past the epileptic nature of energy supply in more than some three decades. That had wrecked havoc on our social, productive, educational and rural life of Nigerians. The worst era came with the ” DisCos ” that were forcefully collecting charges for energy not consumed tagged ” estimated billing “.. That remaind a criminal, under whichever guise it has come. Thus before we proceed into the new era with increased rates, all consumers should be provided with meters, various districts must have adequate transformers , all non functional cables must be replaced forthwith to avert dangers we have been hitherto exposed , old poles should also be replaced, then we accept a new era has truly come. Deceitful and criminal collection must just stop.