April 04, 2024
NERC: Tariff Increase To Allow DisCos Pay For Gas, Maintain Machines
The vice president of the Nigeria Electricity Regulatory Commission (NERC), Musiliu Oseni, has opened up on what to led the increase in electricity tariff for Band A customers. Accridung to Oseni, the increase, which was announced by NERC earlier on Wednesday, will see customers pay ₦225 kilowatts per hour, up from the current ₦66. Mr Oseni while explaining this on Channels Television’s Politics Today on Wednesday. said that the Commission is empowered by its Act to ensure that the licenses operating efficiently are allowed to recover sufficient revenue for the capital invested, for the operational cost as well as having a return for the investment they have made. Oseni further said: “What informed the decision actually apart from the position of the Act is in the sense that if you look at December 2023 there was an improvement to the quality of service to January but from January up to date, there was a dip in generation availability. “What caused that was because there was no review of tariff. The DisCos cannot be mandated to pay for what they have not been allowed to charge and in that case, the payment to generation companies has significantly dipped which affects their ability to maintain their machine and also to pay for gas. “And if they are not able to pay for gas definitely, they won’t be able to generate not minding the fact that they also need money to maintain their machines. “So, we are at a point where it is clearly that if nothing is done to ensure that tariff is reviewed so that the market can be relatively liquid the quality of supply won’t improve.” Oseni also explained that the tariff review affects only band A customers because they receive about 20 hours of electricity daily. He, however, said that before the tariff increase, the Band A category was reviewed down from over 1000 feeders to 481 feeders out of total of 3000. According to him, this is about 20 per cent of the total customers. “We currently have 800 feeders that are categorised as Band A, but it will now be reduced to under 500. This means that 17 per cent now qualify as Band-A feeders. These feeders only service 15 per cent of total electricity customers connected to the feeders. “The commission has issued an order which is titled April supplementary order and the commission allows a 235 kilowatt per hour,” Oseni said in a press briefing announcing the new tariff earlier in the day.
Latest News
Top news around the world
Academy Awards

‘Oppenheimer’ Reigns at Oscars With Seven Wins, Including Best Picture and Director

Get the latest news about the 2024 Oscars, including nominations, winners, predictions and red carpet fashion at 96th Academy Awards

Around the World

Celebrity News

> Latest News in Media

Watch It
JoJo Siwa Reveals She Spent $50k on This Cosmetic Procedure
April 08, 2024
tilULujKDIA
Gypsy Rose Blanchard Files for Divorce from Ryan Anderson
April 08, 2024
kjqE93AL4AM
Bachelor Nation’s Trista Sutter Shares Update on Husband’s Battle With Lyme Disease | E! News
April 08, 2024
mNBxwEpFN4Y
Alan Tudyk Does All His Disney Voices
April 08, 2024
fkqBY4E9QPs
Bob Iger responds to critics who call Disney "too woke"
April 06, 2024
loZMrwBYVbI
Kirsten Dunst recites a classic cheer from 'Bring it On'
April 06, 2024
VHAca3r0t-k
Dr. Paul Nassif Offers Up Plastic Surgery Warning for Gypsy Rose Blanchard | TMZ
April 09, 2024
cXIyPm8mKGY
Reba McEntire Laughs at Joy Behar's Suggestion 'Jolene' is Anti-Feminist | TMZ TV
April 08, 2024
11Cyp1sH14I
NeNe Leakes Says She's Okay with Cheating If It's Done Respectfully | TMZ TV
April 08, 2024
IsjAeJFgwhk
Ben Affleck and Jennifer Lopez’s wedding was 20 years in the making
April 08, 2024
BU8hh19xtzA
Bianca Censori wears completely sheer tube dress and knee-high stockings for Kanye West outing
April 08, 2024
IkbdMacAuhU
Kelsea Ballerini tells trolls to ‘shut up’ about pantsless CMT Music Awards 2024 performance #shorts
April 08, 2024
G4OSTYyXcOc
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
08
Apr
ITALY: Serie A
Udinese - Inter Milan
07
Apr
ENGLAND: Premier League
Manchester United - Liverpool
07
Apr
ENGLAND: Premier League
Tottenham Hotspur - Nottingham Forest
07
Apr
ITALY: Serie A
Juventus - Fiorentina
07
Apr
ENGLAND: Premier League
Sheffield United - Chelsea
07
Apr
ITALY: Serie A
Monza - Napoli
07
Apr
GERMANY: Bundesliga
Wolfsburg - Borussia Monchengladbach
07
Apr
ITALY: Serie A
Verona - Genoa
07
Apr
ITALY: Serie A
Cagliari - Atalanta
07
Apr
GERMANY: Bundesliga
Hoffenheim - Augsburg
07
Apr
ITALY: Serie A
Frosinone - Bologna
06
Apr
GERMANY: Bundesliga
Heidenheim - Bayern Munich
06
Apr
GERMANY: Bundesliga
Borussia Dortmund - Stuttgart
06
Apr
ENGLAND: Premier League
Brighton - Arsenal
06
Apr
ITALY: Serie A
Roma - Lazio
06
Apr
ENGLAND: Premier League
Crystal Palace - Manchester City
06
Apr
ITALY: Serie A
AC Milan - Lecce
04
Apr
ENGLAND: Premier League
Chelsea - Manchester United
04
Apr
ENGLAND: Premier League
Liverpool - Sheffield United
03
Apr
ENGLAND: Premier League
Arsenal - Luton
03
Apr
ENGLAND: Premier League
Manchester City - Aston Villa
02
Apr
ENGLAND: Premier League
West Ham United - Tottenham Hotspur
01
Apr
SPAIN: La Liga
Villarreal - Atletico Madrid
01
Apr
ITALY: Serie A
Lecce - Roma
01
Apr
ITALY: Serie A
Inter Milan - Empoli
31
Mar
ENGLAND: Premier League
Manchester City - Arsenal
31
Mar
SPAIN: La Liga
Real Madrid - Athletic Bilbao
31
Mar
ENGLAND: Premier League
Liverpool - Brighton
30
Mar
SPAIN: La Liga
Barcelona - Las Palmas
30
Mar
ENGLAND: Premier League
Brentford - Manchester United
30
Mar
ITALY: Serie A
Fiorentina - AC Milan
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
zWJ3MxW_HWA L1eLanNeZKg i1XRgbyUtOo -g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k
Copyright © 2020 Feedimo. All Rights Reserved.