$type=ticker$count=12$cols=4$cate=0

Electricity tariff to increase on Wednesday

Nigerians will from Wednesday, April 1, 2020, pay more for electricity. The Nigerian Electricity Regulatory Commission had disclosed thi...


Nigerians will from Wednesday, April 1, 2020, pay more for electricity.

The Nigerian Electricity Regulatory Commission had disclosed this in its December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020.

According to The Punch, it was gathered that the decision to increase tariff had not yet been suspended despite the lockdown occasioned by the COVID-19 pandemic.

A top source at Ikeja Electric told Newsmen that the firm had not received any directive from NERC as regards reversal of the plan.


He said, “According to the tariff order for the year, we are supposed to increase on April 1, 2020. So far, we have not received any directive not to go ahead.”

Efforts to get NERC to speak on the matter were not successful on Monday as the spokesman for the commission, Usman Arabi, said he was not around but on a course at the National Institute for Policy and Strategic Studies.

Arabi’s substitute, however, did not respond to calls or a text message sent to him.

NERC had disclosed in its December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020 that the order was issued to reflect the impact of changes in the minor review variables in the determination of cost-reflective tariffs and relevant tariff and market shortfalls for 2019 and 2020.

The commission said the order also determined the minimum remittances payable by the distribution companies in meeting their market obligations based on the allowed tariffs.

It said, “The Federal Government’s updated Power Sector Recovery Programme does not envisage an immediate increase in end-user tariffs until April 1, 2020, and a transition to full cost reflectivity by end of 2021.

“In the interim, the Federal Government has committed to funding the revenue gap arising from the difference between cost-reflective tariffs determined by the commission and the actual end-user tariffs payable by customers.”

According to NERC, all Discos are obligated to settle their market invoices in full as adjusted and netted off by applicable tariff shortfall.

It said, “All FGN intervention from the financing plan of the PSRP for funding tariff shortfall shall be applied through NBET and the market operator to ensure 100 per cent settlement of invoices issued by market participants.

“Effectively, this order places a freeze on the tariffs of the TCN and administrative charges until April 2020 at the rates applied in generating MO invoices for the period of January to October 2019.”

from Nigerian News. Latest Nigeria News. Your online Nigerian Newspaper. https://ift.tt/2QXjWoo
via gqrds

COMMENTS

BLOGGER

/fa-clock-o/ WEEK TRENDING$type=list

Name

#bbnaija,2,2019,1,2019 elections,3,2face idibia,7,About Us,1,accident,21,Action,1,Adeboye,1,Africa,21,africa news,37,Africam News,1,African Beauty,12,African history,1,african news,5,African Students,2,africatourism,1,Agriculture,17,Almajiri,1,ambode,24,Android,3,Animals,1,anthony joshua,3,APC,30,Apostle Johnson Suleiman,7,Apostle Suleiman,1,Apple,1,Arsenal FC,3,Art,1,article,7,Articles,1,Arts and Culture,4,Assurance Davido,1,ASUU,7,autos,1,Award,31,Ayo Fayose,4,Ayodele Fayose,1,bangladesh,1,barcelona fc,14,basketball,1,bb naija,1,bbcyoruba,1,BBnaija,41,BEAUTY,24,bet awards,1,Beuty,1,beyonce mass,1,biafra,28,Bitcoin,1,Black Panther,3,Blackberry updates,3,Blackpanther,1,blog,2,Blogger,53,Bloggers Hit,22,Blogging,1,bobrisky,1,Boko Haram,86,Boko Haram Crisis,32,Boko-haram,19,Boko-Haran,1,BOKOHARAM,8,Bolo Haram Crisis,5,Bovi,1,boxer,6,boxing,1,Brain Teazer,1,Breaking,134,Breaking News,1618,Breakinh,1,Brealing,1,BREXIT,2,Bruno Mars,1,budget,8,Buhari,196,Buratai,1,bursaries,2,BUSINESS,171,Business Breaking,1,CAC church,1,Calabar,1,cambridge exams,3,CAN,2,Cancet,1,career,4,Cars,1,Ceelebrities,1,Celebrities,636,Celebrity,11,Celebs,10,Celerities,8,chamions league,8,champion's league,28,Champions league,2,Champions' League,1,CHEATS,27,chelsea fc,85,chemistry,1,chibok girls,3,Chioma,1,christiano Ronaldo,43,Comedy,10,Commonwealth,2,Corruption,5,Court,1,Crime,108,Crisis,134,Crisis in Nigeria,57,Culture,1,daddy freeze,1,daily devotion,1,dangote,7,Dansuki,4,Dapchi Girls,1,dapchigirls,1,Dasuki,3,Davido,40,Dbanj,1,Diezani Alison Madueke,1,dino melaye,7,disaster,4,diy,8,dk odukoya,2,DK Olukoya,1,dollar,1,Don Jazzy,1,Donald Trump,82,drug abuse,1,Drugs,7,Earth Science,6,earthquake,1,Easter,3,ecowas,4,Education,281,EFCC,96,Eid-El-Kabir,6,Ekiti,2,ekiti decides,27,Ekiti Elections,2,Ekiti States,1,el rufai,1,ELECTION,51,Election 2019,1,emenuella,1,Emir Kano,4,Employment opportunities,3,En Son Dakika haberleri,1,enter,1,Entertainement,1,Entertainment,1083,Entertainment Latest News,1,Entertainments,3,Entetainment,2,environment,1,EpicGames,2,epl,5,Ese,1,Essay Competitions,1,EU,1,euro2024,1,Europeaun Commission,1,evans,1,event,4,Events,11,Facebook,7,FACEBOOK TRICKS,5,facebook update,28,fani Kayode,3,Fashion,46,father's day,1,Fayose,5,featured,2,federal government,83,Fellowships,1,femi adesina,1,FG,1,fight,1,finance,74,Finances,1,fitness,3,flavour,1,flood,1,Folorunsho Alakija,1,football,306,football Europa League,1,Foreign,156,Fraud,39,Fuel Scarcity,13,fulani herdsmen,23,Funny,47,FUTURE TECH,16,game,3,gay pastor,2,Ghana,1,gist,69,goo,1,Goodluck Jonathan,1,Google,13,google i/o 2018,1,Google9ja,44,google9ja news,2874,gossip,28,Gov. Amosun,1,Gov. Fayose,28,graduate jobs,1,Graduates,2,Grammy Award,2,Guinness Book Of Record,1,hack,1,HACKERS,6,hajj,1,Headlines,1,Health,134,healthy food,1,Healthy Living,23,hemp,1,herdsmen,5,Hilarious,2,Hip hop,2,history,1,holiday,1,house of reps,2,How to Create a website,1,hushpuppi,1,Ibadan,3,independence,7,INEC,8,inspirational,6,International,1,International Scholarships,3,internet,7,interns,1,Internships,6,interview,2,interviews,1,Investment,1,Investor,1,iphone,17,iphones,2,ipob,1,IS,1,isis,1,israel,2,Israel Palestine crisis,1,JAMB,3,jenifa,8,Jerusalem,2,jibrin,1,Jobs,68,John Terry,1,Jokes,1,Jonathan,1,Jose mourinho,13,justin Timbalake,1,kaduna,20,Kanu Nwakwo,1,Kanye west,1,Kardashian,1,kardashians,1,Kardeshian,1,Kardeshians,1,kelvin hart,1,kelvinhart,1,Kemi olunloyo,1,kidnap,21,kim kardashians,9,kingship,7,Lagos,5,lagos state,49,Lagos train project,1,lai mohammed,3,Lassa Fever,3,Lastest News,2,lat,1,Latest News,970,Latest Nigeria In News. Nigeria News. Your online Nigerian Newspaper.,669,Latest Nigeria News. Nigerian News. Your online Nigerian Newspaper.,819,latest Nigerian jobs,1,Latests News,1,lawyers,3,Leadership,1,league,2,Life,2,Life style,96,Lifestyle,35,Lifstyle,1,Linda Ikeji's Blog,1,Linda versus Wizkid,1,Linda vrs Wizkid,1,Linda vrs Wizzy,1,Live Update,1,Live Updates,5,lol,13,London,1,Love,18,Manchester United,28,market place,2,Masters Scholarships,1,mbaka,1,mecca,1,mercy Aigbe,3,Mercy Johnson,1,messi,26,mfm prayer points,8,MFM Prayers,14,MFM Sermons,2,mimiko,1,minimum wage,1,miracle prayers,12,MKO Abiola,2,MMM,3,Mobile Phone,1,Model,1,Model United Nations,2,moji olaiya,1,Money,1,monkeys,1,motivation,4,Movie,52,Movies,3,MTN,1,MTN NIGERIA,10,mugabe,1,MUNPlanet,2,Music,17830,NAFDAC,1,Naija,2598,Naija News,1,Naija Entertainment,1,Naija New,4,Naija Newa,1,naija news,1170,naira,1,Naira devaluation,3,Naira evaluation,2,nano technology,1,NBA,3,ncc,1,NCCF,1,new,5,New music,20,New Nigeria,2,News,3800,News Nigeria,34,NewsMusic,1,newspapers,4,Niageria,1,Nicki Minaj,1,Niger Delta Avengers,37,Nigeria,17,Nigeria Air,1,Nigeria Latest News,3,nigerian,21,Nigerian Breaking News,551,Nigerian history,3,Nigerian Jobs,1,Nigerian Latest New,1,Nigerian Latest News,1223,Nigerian Latest News online,2637,Nigerian Music Entertainment,1,Nigerian Newpapers,1,Nigerian News,674,Nigerian News. Latest Nigeria News. Your online Nigerian Newspaper.,16212,Nigerian Newspaper,3,Nigerian Newspapers,1,Nigerian police apptitude test,5,Nigerian politics,184,nigerian senate house,13,Nigerian Students,2,Nigerian Super Eagles,29,Nigerians in south-Africa,3,Nih,1,nlc,1,NLC updates,2,nnamdi kanu,8,NNPC,22,Nollyhood,17,Nollywood,3,NOUN,1,NY crash,1,NYSC,19,NYSC updates,15,Obadanjo,1,Obama,5,Obasanjo,20,October 1st,3,OculusRift,1,oil and gas,1,Olamide,3,Olamide baddo,1,Olusegun Obasanjo,1,omg,2,ondo state,3,ONLINE BIZ,5,Online money,1,only in Nigeria,320,Ooni of Ife,6,ooni-ife,1,opinion,1,Orphans,1,orubebe,1,Osinbajo,2,Osun decides,10,oyo state,8,palestine,1,Pastor E. A Adeboye,1,pastor E.A Adeboye,7,pastor T.B joshua,3,paul pogba,1,PDP,4,phon,1,Phones,35,POLITICS,1790,POLİTİCS,1,POLOTICS,2,Postgraduate,1,power,1,Power holding,10,prayer,16,prayer points,5,Prayers,3,premier League,79,president,1,Products,1,proud marry,1,Public hearing,1,quiz,1,quotes,4,rat,1,RCCG,2,recruitment,4,Relationship,29,Relationships,130,Religion,112,Reviews,1,Rihana,2,rio olympics,7,ronaldinho,2,Russia 2018,17,russia2018,4,Samsung galaxy s6,1,Samsung updates,3,Sanusi Lamido Sanusi,1,Saraki,1,Satanists,1,Saudi Arabia,1,Schilarships,1,Scholarahips,1,Scholarships,1606,Scholarships 2018,1,Scholarships for Aricans,1,science,6,Security,74,Senate,2,sex doll,1,Shekau,1,shiites,1,short girls,1,short people,1,smart phones,23,smartphones,2,snake,1,socal media,1,soccer,2,social,46,Social media,1,South Africa,1,spanish league,17,Sport,17,Sporta,2,Sports,820,stolen mace,1,stolenmace,1,Stories,56,Story,1,Strategy,1,student internships,2,STUDY ABROAD,101,Style,3,Success tips,1,Sudan,1,Super Eagles,2,Tech,29,Tech matters,156,Tech News,1,Technology,1,Techs,2,Telecommunication,11,Telecommunications,1,tennis,1,terrorism,1,Test your brain,1,therock,1,TimSweeney,1,tithe,1,tompolo,1,tonto dike,3,Traineeships,1,Travel,7,Trump,3,Turkey,2,Turkieh embassy,1,turkish visa,1,Twitter,2,twitter attacks,14,uganda,1,UK,1,UK News,1,Uncategorized,4,Undergraduate Scholarships,1,Underprivileged Students,1,unemployment,6,United Kingdom,2,Updates,1,US,110,USA,1,usain bolt,1,Useful Hacks,1,UTME,3,vacancy,2,valentine,1,valentine'sday,1,Video,1,Videos,10,viral,1,virallink,4,VirtualReality,2,VISION 2020,7,vr,1,Weird,3,WEIRD NEWS,641,WEİRD NEWS,1,WEIRS NEWS,1,Whatsapp update,2,windows,1,Wired news,2,wizkid,22,wizkid in california,1,world,324,World cup,7,World News,28,World Record,2,World's statistics,1,Yahoo Tech,1,Yaya Toure,1,yemi osinbajo,21,Yobe Girls,1,Yola Girls,1,Yoruba News,1,Youth,7,Youth Opportunities,2,zimbabwe,1,
ltr
item
Google9ja | Entertainment | Nigerian Latest News online: Electricity tariff to increase on Wednesday
Electricity tariff to increase on Wednesday
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgo4b-W5PDkcteAal0eZu_IcnBEm4OTrYderkDgEPNhKpDmMNQF8Y-ocLhu4Nd_VZ-FvjFokNkBBGPvz7R7hvqyLKr-GNkfqSvqhitfm-1KouCeNoQAmwXG7GybabjqHNpFBcV9fbz2kk8/s400/7F173B5C-2E6E-4056-8C2F-8FC0ED59110C.jpeg
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgo4b-W5PDkcteAal0eZu_IcnBEm4OTrYderkDgEPNhKpDmMNQF8Y-ocLhu4Nd_VZ-FvjFokNkBBGPvz7R7hvqyLKr-GNkfqSvqhitfm-1KouCeNoQAmwXG7GybabjqHNpFBcV9fbz2kk8/s72-c/7F173B5C-2E6E-4056-8C2F-8FC0ED59110C.jpeg
Google9ja | Entertainment | Nigerian Latest News online
https://www.google9ja.com/2020/03/electricity-tariff-to-increase-on.html
https://www.google9ja.com/
https://www.google9ja.com/
https://www.google9ja.com/2020/03/electricity-tariff-to-increase-on.html
true
8173235409350904551
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content