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Monday,
January 06, 2020 /05:23 PM / By Taiwo Adebulu of
TheCable / Header Image By TheCable
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
reflectivity by end of 2021.
In a statement issued on Monday to clarify the tariff
review, Sunday Oduntan, executive director, research and advocacy, Association
of Nigerian Electricity Distributors (ANED), umbrella body of the DisCos,
described the review as a "slight increment".
"The Tariffs shall remain the same as they presently
are (i.e. 2015 levels) until April 01, 2020 when there will be a slight
increment to cater for tariff shortfalls which shall be gradually passed on to
the consumer until this is fully completed by the end of 2021," Oduntan said.
"In view of the foregoing, we state emphatically that
there shall be no change or increase in the existing Electricity tariff until
April 01, 2020 when the new adjusted tariffs shall begin to gradually reflect
the dynamism of our macro-economy.
"We sincerely hope that this statement substantially
clarifies the accurate position and allays any fears and concerns, our esteemed
customers may have."
Credit:
The post New electricity tariff to kick
in from April first appeared in TheCable on January 06, 2020
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