Discos Back Gencos’ Call For Electricity Tariff Hike

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Electricity distribution companies, also known as Discos, have expressed support for the call by the power generating companies or Gencos for hike in electricity tariff.

According to the Discos, it is a welcomed development.

The Gencos on Wednesday insisted that the Federal Government increased electricity tariff, saying if the government wants power, it cannot continue subsidising power for people

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The Vice Chairman, Mainstream Energy Solution, Mr. Ismaila Funtua, made the demand on behalf of the Gencos in an interview with State House correspondents on the sidelines of the Quarterly Presidential Business Forum at the Presidential Villa.

Funtua said the representatives of the Gencos had asked for a meeting with the Acting President, Prof. Yemi Osinbajo, and the Minister of Finance, the Central Bank of Nigeria governor and the Minister of Power, Works and Housing, to sort out issues that are impediments to their business.

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He noted that “Whether the government likes it or not, they have to review the tariff of power in this country. All those playing politics with it that they do not want to increase, people do not want to hear of this.

“This is my cell phone, you pay for it even before you make use of it and nobody is controlling their tariff. They charge what they want and all of us we have at least one cell phone, therefore government needs to do the needful”, he said.

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