new electricity tariff in nigeria july 2020

Band D and E users will not be experiencing an increase until there’s an overall improvement in the quality of service they receive and the number of hours they have electricity for. He stated this on Tuesday at the Investigative Public Hearing on Power Sector Recovery Plan and the impact of COVID-19 pandemic organised by … However, the Nigerian Electricity Regulation Commission (NERC) went on a public consultation to see if it was a viable solution. Electricity Regulatory Commission (NERC) has approved new hike in electricity tariff beginning today September 1. By Charles Kennedy Renewable energy consumption in the United States continued to rise for the fourth year in a row in 2019, with wind energy and wood and waste energy each accounting for 24 per cent of all renewable energy used in America, the Energy Information... Egypt’s Minister of Electricity and Renewable Energy, Mohamed Shaker, has announced that his ministry is looking to increase the percentage of electricity generated from renewable sources to 60% by 2035. However, he said due to the COVID-19 outbreak and customer apathy, the proposed tariff review was delayed by three months. We hope this article will be truly helpful as we explore how it all started, and what the current status is. On September 1st 2020, the electricity distribution companies (Discos) started implementing the new electricity tariff plan. The Federal Government has extended the suspension of the new electricity tariff by one week. The Minister of Power, Sale Mamman, has insisted that the new increment on electricity tariff would take off in July. The minister believed that all efforts rendered by the many relevant stakeholders within the stakeholders should be aligned with the PPI for maximum effectiveness in implementation. According to Oduntan, the discos were surprised to receive a letter from NERC warning them not to mention their name or that of the federal government in any public communications on tariffs. Lost your password? He said, “Indeed, the prevalence of the pandemic has already reduced productivity due to the strategy adopted globally to contain it. This site uses cookies which are essential to make the site function effectively. “This by default affects the purchasing power of consumers and the demand for electricity in general. #EndSARS/Lekki massacre: We’re back to Abacha days – WS, #EndSARS: IPC condemns arson, attack on media houses and journalists, #EndSARS: Businesses in Umuahia paralysed as anti- riot policemen take over, Lekki massacre: Rights activists, Edetaen Ojo, calls for ICC’s intervention, #EndSARS: UN demands full investigation on Lekki Toll Gate Massacre, Insider abuse responsible for high rate of frauds in banks – CBN, Kindly support the growth of journalism in Nigeria, FG extends suspension of new electricity tariff by one week, Suspend new electricity tariff, FG directs DiSCOs, Labour suspends strike, FG freezes new electricity tariff. “The current situation in the Nigerian power sector is that a lot of capital investment is being made, most of which is dependent on donor funding, loans and budgetary allocations. Babalwa Bungane is a content creator/editor for ESI Africa - Clarion Events Africa. The Minister of Power, Sale Mamman, has insisted that the new increment on electricity tariff will take off in July. The meters according to the Managing Director, Mr... Nigeria Electricity Hub | Copyright © 2020. Print Email. This means that there’ll be a change in the electricity terms, service, and charges for Nigerians who use electricity based on the quality and hours of electricity received. During this period, consumers agreed to pay this tariff only if they got a certain high quality of service. Prof. James Momoh, Chairman, Nigeria Electricity Regulatory Commission (NERC) said this when the ad hoc Technical Committee on Electricity Tariff submitted its interim report at a reconvene bilateral meeting between Federal Government and Organised Labour on Monday in Abuja. “This by default affects the purchasing power of consumers and the demand for electricity in general. “For projects that we have already secured their funding, we do not expect any adverse effect.”. He said following the completion of public consultation on tariff review, the regulator, Nigerian Electricity Regulatory Commission (NERC) had initially planned to conduct a tariff review in April 2020. The suspension of the new electricity tariff has been extended by one week. New electricity tariff regime begins July – FG. “The proposed increase and the timing of the increase in tariffs was done by NERC. Electricity consumers will begin to pay more beginning from July when the new tariff regime increase will commence. According to him, the regulator, following the completion of public consultation on tariff review, has initially planned to conduct a tariff review in April 2020. Nigerians to start paying new electricity tariff from July 1. Topic: “While it is our obligation to communicate the increase, it is also important for customers to know that it is following standard processes of tariff adjustments in the sector with approvals from NERC and the Federal Government. He stated this on Tuesday at the Investigative Public Hearing on Power Sector Recovery Plan and the impact of COVID-19 pandemic organised by the Senate Committee on Power. We cannot take [a] decision about a very critical aspect of the sector like tariff without a nod from the regulator (NERC). The managing director listed some of its achievements to include the sector leader in the metering of customers, installation of hi-tech technical equipment, and a robust commercial management system, … Next, complete checkout for full access. “For projects that we have already secured their funding, we do not expect any adverse effect.”. “This explains our prayer for the distinguished senators to consider and approve additional funding for the execution of the various projects we are undertaking,” he said. He added that the power sector was also grappling with the challenges of infrastructural misalignment, market inefficiency/transparency, sector governance/policy coordination, and completion of legacy projects. You will receive mail with link to set new password. According to local media, the discos raised their concerns in a statement issued in Abuja at the weekend. But a NERC document seen by The PUNCH on Tuesday showed that electricity customers, except those receiving less than 12 hours of supply, would have to … Electricity distribution companies in the Republic of Nigeria have announced that a new electricity tariff increase will be rolled-out with effect from 1 July, 2020. New electricity tariff starts in July, FG tells Senate. Discos alone cannot fix and approve electricity tariffs,” he said. Theme: interconnecting C, U.S. Renewable Energy Consumption Hits Record, Egypt Aims to Increase Electricity Generation Based on Renewables to 60% by 2035, Jos DisCo Begins Distribution of 6,000 Meters. “The proposed increase and the timing of the increase in tariffs was done by NERC. The Minister said the impact of the COVID-19 pandemic … “The fund should be provided for in the 2020, 2021, and 2022 Appropriation of the Ministry of Power,” he added. “This explains our prayer for the distinguished senators to consider and approve additional funding for the execution of the various projects we are undertaking,” he said. All Rights Reserved. “Note that the teething issues as well as the legacy issues affecting the power sector is primarily an issue of infrastructural deficit and lack of coordination in the sector. The Minister said the impact of the COVID-19 pandemic had also affected the plan for the repositioning of the electricity market toward financial sustainability under the Power Sector Recovery Programme. Please, endeavor to share on your various social media platforms. Get real time updates directly on you device, subscribe now. Mamman also said that the COVID-19 pandemic had a great economic impact, not just on the health Sector, but the overall economy of the country. “The challenge we are currently facing in the development and expansion of our transmission line is budget and release of Federal Government’s commitment in the estimated sum of N32 billion primarily for Right of Way acquisition and environmental impact mitigation.

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