Connect with us

BUSINESS

President Buhari Halts Estimated Billing, Orders Nationwide Mass Metering

Published

on

buhari.jpg


President Muhammad Buhari has directed a nationwide electricity mass-metering program in a bid to put a stop to estimated and arbitrary billing for electricity, James Momoh, Chairman of Nigerian Electricity Regulatory Commission, (NERC), has said.

Momoh, also disclosed that President Buhari has also approved a waiver of the import levy on meters, so that those that do not have meters can be supplied as early as possible at reasonable costs.

He spoke in a statement on Wednesday, in response to recent tarrif review which had generated series of reactions by Nigerians.

The statement reads in full, “In response to media reports that there is an increase in tariffs for Nigerians, NERC wishes to clarify that tariff reviews going forward will only follow service-based principles.

“Under these service-based principles DISCOs will only be able to review tariff rates for customers when they consult with customers, commit to increasing the number of hours of supply per day and quality of service.

“In all cases poor and vulnerable Nigerians will not experience any increase. In line with these expectations, DISCOs are directed to engage with their customers on a Service Based Tariff structure.

Advertisement
Article Banner

“Under the Service Based Tariff Structure, DISCOs can only review tariffs for customers under the following conditions:

“Customers are consulted and communicated a guaranteed level of electricity service by the DISCOs based on hours of supply.

“Customers are metered. No estimated billing through the strict enforcement of the capping regulation. This means that unmetered customers will not experience any cost increase beyond what is chargeable to metered customers in the same area.

“Even under the above conditions, there will be no change in tariff for the most vulnerable as tariffs for those consuming 50KW or less remain frozen. Customers receiving less than 12 hours of supply will also not experience any change in tariffs.

“In addition, the President has directed that there should be a nationwide mass-metering program in an effort by the Federal Government to put a stop to estimated and arbitrary billing for electricity. He has also approved a waiver of the import levy on meters, so that those that do not have meters can be supplied as early as possible at reasonable costs.

“The general public and all stakeholders in the power sector are by this statement urged to disregard any reports of an arbitrary tariff increase affecting Nigerians”.

Advertisement
Article Banner

Continue Reading
Advertisement
Click to comment
FEATURED1 hour ago

‎Oborevwori Launches Affordable Homes Plan for Delta Workers ‎

FEATURED2 hours ago

‎DSS Closes Case Against El-Rufai as Court Rejects Bid to Ease Bail Conditions ‎

FEATURED3 hours ago

‎DPO to Journalists: Verify First, Publish With Proof, Not Hype

FG To Receives First Batch of 268 Nigerians Evacuated from South Africa Over Xenophobic Attacks
FEATURED4 hours ago

Nigeria Deploys New Envoys to Four Countries as Tinubu’s Diplomatic Appointments Near Completion

COMMUNITY REPORT5 hours ago

Bini Riva Life Set to Showcase Historic Festival Along Delta’s Waterway

international fraud ring
FEATURED8 hours ago

‎N15.6bn Fraud: Why EFCC Re-Arraigns Ex-Skye Bank Boss Tunde Ayeni on Fresh Charges ‎ ‎

FEATURED10 hours ago

‎Nigeria Moving Backward Under Tinubu, Says Oritsejafor

BUSINESS19 hours ago

‎Tinubu’s Reforms Boost Investor Confidence as Foreign Firms Profit in Nigeria — EU Envoy

FEATURED21 hours ago

‎Presidency Fires Back at Obi, Says Tinubu’s Resignation Call Is ‘Childish and Misplaced’

FEATURED1 day ago

Lagos Police Arrest 243, Foil 28 Robbery Operations ‎

FEATURED1 day ago

Tinubu May Seek Attorney-General’s Advice on S’Court as Ayirimi Says INEC Has Defied Presidential Order on Warri Wards

FEATURED1 day ago

Abuja Court Remands Sowore After Bail Revocation, Adjourns Trial

FEATURED1 day ago

UPDATED: UK Prime Minister Keir Starmer Resigns but Will Stay on as Caretaker Amid Political Turmoil

Defense and Security1 day ago

Troops Tighten Noose on Oyo Kidnappers as Abductors Scale Back Demands ‎

Defense and Security1 day ago

‎Fear in North-West as Bello Turji Allegedly Acquires Advanced Weapons, Sets Up Terror Training Camp ‎

Advertisement
Advertisement

z

   


Article Banner