The Nigerian Electricity Regulatory Commission has gifted Nigerians an early Christmas present as it has released the new power tariff regime, which has removed fixed charges for all classes of electricity consumers.
Literally, it means that electricity users would only pay for what they consume, The Punch reports.
It would be recalled, Babatunde Fashola, the Minister of Power, Works and Housing had a few weeks ago stated that electricity rates would be inflated as he enjoined consumers to dutifully pay their bills so that considerable improvement would be seen in the power sector.
The NERC, on Monday, December 21, confirmed Fashola’s statement as it stated that from the next billing period, consumers would no longer be charged monthly fixed rates by power distribution companies.
Speaking on the rates of increase in tariffs for various customer classes in selected locations across the country, NERC said, “For instance, residential customer classification (R2) in Abuja Electricity Distribution Company will no longer pay N702 fixed charge every month. Their energy charge will increase by N9.60.
“Also, residential customers (R2 customers) in Eko and Ikeja electricity distribution areas will no longer pay N750 fixed charges. They will be getting N10 and N8 increase respectively in their energy charges.
Similarly, the burden of N800 and N750 fixed charges would be lifted off the shoulders of Kaduna and Benin electricity consumers. These consumers will see an increase of N11.05 and N9.26 respectively in their energy charges.”
The disclosure contravenes the House of Representatives’ directive to the NERC to halt any plan to increase power rates.