How House of Reps Ordered NERC To Suspend Implementation of New Electricity Tariff

Cat:

Related stories

Edwin Cortes: Prefers Being A Small Puerto Rican Than Big American

By Owei Lakemfa To be a citizen of the United...

June 12 And The International Pursuit of Justice For Abiola, By Femi Falana

The June 12, 1993, pro-democracy struggle in Nigeria is...

Breaking Down the West’s $146 Billion 2024 Defence Technology Investment

Advanced technologies like drones, sensors, and even artificial intelligence...

G7 vs. the World: GDP, Population, and Military Strength

Key Takeaways G7 countries represent 28.4% of global GDP...

US drillers cut oil and gas rigs for 10th week in a row, Baker Hughes says

U.S. energy firms this week cut the number of...

By Abiola Olawale

The House of Representatives has directed the Nigeria Electricity Regulatory Commission (NERC) to discontinue the implementation of the new tariff.

The lower legislative chamber passed the resolution during the plenary session on Tuesday, following the adoption of a motion sponsored by Hon Nkemkanma Kama, a Labour Party (LP) lawmaker representing Ivo/Ohaozara/Onicha Federal Constituency in Ebonyi state.

Kama in his argument emphasized the urgency of addressing the sudden rise in electricity prices in Nigeria. He highlighted concerns regarding discrepancies in customer categorization and widespread grievances about inadequate service despite increased charges. He underscored the national anxiety and the threat posed to regulatory certainty and investor confidence in the sector, calling for immediate action to address these issues.

After several deliberations on the motion, the House directed NERC to halt the implementation of the new tariff. Additionally, it has decided to establish a special committee comprising members from the Committees on Power, Commerce, Delegated Legislation, and National Planning.

It would be recalled that on April 3, NERC approved an increase in electricity tariff for customers under the Band A classification.

The commission said customers under the category, who receive 20 hours of electricity supply daily, would begin to pay N225 per kilowatt (kW), starting from April 3 — up from N66.

This also comes after the Minister of Power, Adebayo Adelabu, during a hearing at the Senate Committee on Power defended the tariff hike by stating that the Federal Government could no longer afford to provide subsidies on power.

He had said for the sector to be revived, the government needs to spend about $10 billion annually in the next 10 years.

The New Diplomat
The New Diplomathttps://newdiplomatng.com/
At The New Diplomat, we stand for ethical journalism, press freedom, accountable Republic, and gender equity. That is why at The New Diplomat, we are committed to speaking truth to power, fostering a robust community of responsible journalism, and using high-quality polls, data, and surveys to engage the public with compelling narratives about political, business, socio-economic, environmental, and situational dynamics in Nigeria, Africa, and globally.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

NDN
Latest News
Edwin Cortes: Prefers Being A Small Puerto Rican Than Big AmericanJune 12 And The International Pursuit of Justice For Abiola, By Femi FalanaBreaking Down the West’s $146 Billion 2024 Defence Technology InvestmentG7 vs. the World: GDP, Population, and Military StrengthUS drillers cut oil and gas rigs for 10th week in a row, Baker Hughes saysExclusive! Tinubu Tips Late Ajimobi's Wife, Florence, Others for Ambassadorial PostsTinubu Mourns, Pays Tribute to Legendary Super Eagles Goalkeeper Peter RufaiNatasha vs Akpabio: Court Orders Senate President To Recall Senator NatashaHadi Sirika Denies Defection to ADC Coalition Rumors, Reaffirms Loyalty to Buhari, APCChina Snubs U.S. Crude for Third Month, Even as Ethane Trade RestartsHow Super Eagles Icon Peter Rufai passed Away at 61Dakuku Peterside’s Beneath the Surface Book Out in OctoberOil Prices Dip on Confirmation of Inventory BuildBuhari In Stable Condition - Ex-Aide ConfirmsBREAKING: Ex-President Buhari sick, hospitalised abroad
X whatsapp