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Power: FG scraps fixed charges, hikes tariff

Power: FG scraps fixed charges, hikes tariff

The Nigerian Electricity Regulatory Commission (NERC) has increased the charges for electricity consumption across the country.

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In a statement issued by the commission, NERC announced the removal of fixed electricity charges, saying consumers would now have to pay for ‘only what they consume.

The development comes less than a week after the House of Representatives asked NERC to halt the plan of increasing tariffs.

“Although, the new tariff regimes comes with an increase in energy charges, all electricity consumers (residential as well as commercial) will no longer pay fixed charges, so their total bills will depend on the electricity they actually consume and may be reduced when they conserve electricity,” the statement quoted Sam Amadi, chairman of NERC, as saying.

“This is in line with NERC’s mandate to be fair in all its regulatory interventions. Consumers will no longer be spending money every month to pay for fixed charges even when they do not receive electricity in their homes and business. The objective of the new tariff is to enable prudent consumers to save money on electricity bill as they can now control their consumption and not pay monthly fixed charges.”

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