BUSI­NESS No plan to in­crease elec­tric­ity tar­iff - Amadi

Daily Trust - - BUSINESS - By Si­mon Echewo­fun Sun­day

Chair­man of the Nige­rian Elec­tric­ity Reg­u­la­tory Com­mis­sion (NERC), Dr Sam Amadi, has ex­plain the mis­con­cep­tion re­gard­ing the Mul­ti­Year Tar­iff Or­der (MYTO), stat­ing that it is a five-year tar­iff bench­mark with no plan to raise tar­iff out­side the ar­range­ment.

The clar­i­fi­ca­tion was con­tained in a re­cent state­ment is­sued by NERC Head, Pub­lic Af­fairs Depart­ment Dr. Us­man Abba Arabi.

He said Amadi speak­ing on the back­drop of pub­lic outcry on the fixed charges on elec­tric­ity bills which has prompted some protests amidst low elec­tric­ity sup­ply.

He said, “When we say that we have not in­creased tar­iff, we do not mean that the tar­iff you paid in 2011 is what you are pay­ing now, rather we mean that the or­der of the tar­iff pub­lished has not been changed. That is why it is called Multi-Year Tar­iff Or­der (MYTO), it sim­ply means that we have bench­marked the cost.”

He fur­ther ex­plained that by June first of ev­ery year, the tar­iff changes such that there is a tar­iff for the next five years. The elec­tric­ity reg­u­la­tor called for cus­tomers’ un­der­stand­ing, stat­ing that Dis­tri­bu­tion com­pa­nies (Dis­cos) should not be ac­cused of in­creas­ing tar­iff ar­bi­trar­ily with re­gard to the fixed charges since it has been fac­tored into the MYTO tar­iff plan.

Amadi also ap­pealed to elec­tric­ity cus­tomers to pay their bills promptly and called on those who in­dulge in elec­tric­ity theft to de­sist, warn­ing that Dis­cos had got­ten the Com­mis­sion’s author­ity to pun­ish any­one caught byepass­ing me­ters. He said any­one caught will be made to pay fifty times what was stolen.

NERC’s helms­man also said the Com­mis­sion ex­pects a ro­bust me­ter­ing of cus­tomers by the Dis­cos, warn­ing that reck­less es­ti­mated billing must stop. “That some­one does not have a me­ter does not mean that he must be over­es­ti­mated. Me­ters must be read and cus­tomers charged ac­cord­ingly,” Amadi warned.

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