The Nigerian Electricity Regulatory Commission has slashed
its electricity tariff by 50percent. The announcement was made today, Tuesday,
17th of March, 2015 after the commission said it has been bombarded
with series of complaints from various classes of electricity consumers.
its electricity tariff by 50percent. The announcement was made today, Tuesday,
17th of March, 2015 after the commission said it has been bombarded
with series of complaints from various classes of electricity consumers.
The Chairman of the Commission, Sam Amadi, while making the
announcement in Abuja says the reduction will take effect from the end of March.
announcement in Abuja says the reduction will take effect from the end of March.
“The Commission has been listening to consumers’ complaints
and taking full account of the impact of the high tariff on consumers and the
Nigerian economy, the Commission has reviewed the basis of the MYTO 2.1
assumptions and has determined that it is inappropriate to transfer to
consumers collection losses that are controllable by the DISCOs (distribution
companies),”Mr Amadi said.
and taking full account of the impact of the high tariff on consumers and the
Nigerian economy, the Commission has reviewed the basis of the MYTO 2.1
assumptions and has determined that it is inappropriate to transfer to
consumers collection losses that are controllable by the DISCOs (distribution
companies),”Mr Amadi said.
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