FG SLASHES ELECTRICITY TARIFF BY HALF

The Nigerian Electricity Regulatory Commission (NERC) on Tuesday announced the reduction of electricity tariff by 50% after it said it had received series of complaints from electricity consumers.

The Chairman, NERC, Dr. Sam Amadi, who spoke in Abuja, said the addition of the Aggregate Technical, Commercial and Collection losses to the reviewed tariff that was implemented on January 1, 2015, were responsible for the skyrocketed tariff.
The addition, according to the commission, was done after it conducted a fact-finding tour of the Discos and noted that it was aimed at ensuring a cost reflective tariff by passing the bulk to 'paying' consumers for losses incurred from 'non-paying' consumers.
"Although increment in residential tariff was pending till June, 2015, the total removal of the collection loss applied to all consumer categories, including the industrial and commercial consumers, who were affected," NERC said.