Nigerians To Pay More As Government Approves Tariff Increase For Power Companies
NERC put together the increment with respect to the Performance Improvement Plans of the DisCos and records, for example, gas cost, expansion, conversion standard, US expansion rate and accessible age capacity.The Nigerian Electricity Regulatory Commission (NERC) on Thursday gave an Electricity Distributions endorsement to build their levy rates.
The conveyances incorporate; Port Harcourt Electricity Distribution Company (PHEDC); Jos Electricity Distribution Company (JEDC); Kano Electricity Distribution Company (KEDC); Kaduna Electricity Distribution Company (KEDC); Jos Electricity Distribution Company (JEDC); Ikeja Electricity Distribution Company (IKEDC) and the Ibadan Electricity Distribution Company (IBEDC).
NERC put together the increment with respect to the Performance Improvement Plans of the DisCos and records, for example, gas cost, expansion, conversion standard, US expansion rate and accessible age limit.
The new endorsement produced results from January 1, 2022 however the new rate was from February 2022, The Nation reports.
As indicated by the report named: “This administrative instrument will be refered to as Multi-Year Tariff Order (MYTO-2022) for Port Harcourt Electricity Distribution Company Plc (PHED”), the commission noticed that the lists with likely effect of on power rates were thought of.
The record that contained in the commission’s Order No: NERC/304/2021, which director, Sanusi Garba and Vice Chairman Musiliu Oseni endorsed on 29th December, 2021, added that these files will be surveyed in like clockwork to refresh the taxes with changes in the lists as pertinent in accordance with the MYTO.
“Thusly, following the endorsement of PHED’s PIP on 30th April, 2021, the Commission gave the MYTO-2021 Extraordinary Tariff Order powerful from first July 2021 in thought on PHED’s CAPEX recommendations north of a 5-year plan in accordance with the supported PIP.
“Likewise, this MYTO-2022 request rehashes PHED’s endorsed 5-year CAPEX and pertinent presumptions applied to figure income prerequisites and appropriate taxes for the period 2021-2026 in accordance with MYTO Methodology and Regulations Procedure for Electricity Tariff Reviews in the Nigerian Electricity Supply Industry (NESI).”It is customized from first July 2021 to 30th June, 2026.
The record showed that for the PHED (A-Non MD) clients who paid N56.16/kwh in January 2022 will now (February to December 2022) pay N60.67/kwh).
(B Non-MD) clients who paid N56.64/kwh in January 2022, will presently pay N59.64/kwh. The prominent that E-MD2 clients who paid N50.72/kwh in January 2022, will now (From February 2022) pay N54.22/kwh.