The Executive Director for PowerUp Initiative For Electricity Rights in the Republic of Nigeria, Adetayo Adegbemle, has lashed out at Buhari-administration for increasing cost of electricity despite intermittent power supply in the West African nation.
NERC, in an order (NERC/225/2020) signed by its Chairman, Sanusi Garba, and Commissioner Legal, Licensing and Compliance, Dafe Akpeneye, on December 31, 2020, said the new tariff order took effect January 1, 2021, and will exist until a new order is made.
Per the order, tariff for customers in Band A (minimum supply of 20hrs daily) will increase by N6.85 to N69.18/kwh, a 10.98 percent rise.
Also from July 1, tariff for customers in Band B (minimum supply of 16hrs daily) will increase by 13.1 percent (N7.65) to N66.04/kwh from the present N58.9/kwh.
For customers in Band C (minimum supply of 12hrs daily), the increase is 29.13 percent (N14.19) to N62.92/kwh).
The highest tariff increase will be for consumers in Band D (minimum supply of 8hrs daily) with 121.5 percent (N32.79) hike to N55.76/kwh from N26.97/kwh.
NERC explained that the review was necessary following changes in inflation rate, foreign exchange rate, available generation, gas price, collection losses from ministries, departments and agencies of government, and Capex adjustments.
We are not doing any Press Statement on this Tariff Increment
We have been making it all the time
Nigerians now need to own their own fight…
But this tariff Increase is wickedness
— Adetayo Adegbemle (@gbemle) January 5, 2021
However, reacting to this, Mr Adetayo Adegbemle minced no words describing it as pure wickedness.
“We are not doing any Press Statement on this Tariff Increment. We have been making it all the time Nigerians now need to own their own fight…but this tariff increase is wickedness,’’ he said on twitter as sighted by energynewsafrica.com.
Source: www.energynewsafrica.com