FG Increases Electricity Tariff By 50%
FG Increases Electricity Tariff By 50%

FG Increases Electricity Tariff By 50%

On at about 17:28:21 PM, FG Increases Electricity Tariff By 50% was updated.

Read News » FG Increases Electricity Tariff By 50%; The Nigerian Electricity Regulatory Commission, NERC, has approved an over 50 percent hike in electricity tariff effective January 1, 2021.

The new tariff hike regime is to be paid by customers of the 11 electricity Distribution Companies, DISCOs. This is coming just two months after the Commission forced implementation of the much-opposed hike on Nigerians in November 2020.

In a revised Multi-Year Tariff Order (MYTO) signed by the new Chairman of NERC, Engr. Sanusi Garba, on December 30, 2020, the new tariff increase took effect on January 1, 2021, and supersedes the previous Order NERC/2028/2020.

In the new Order NERC/225/2020, the commission said it considered the 14.9% inflation rate rise in November 2020, foreign exchange of N379.4/$1 as of December 29, 2020, available generation capacity, US inflation rate of 1.22%, and the Capital Expenditure (CAPEX) of the power firms to raise the tariff.

The revised Service-Based Tariff (SBT) also saw an increase in the rates payable by all classes of electricity users unlike the one of November 2020, which exempted low power getters. This is effective till June 2021 while a Cost Reflective Tariff (CRT) expected to raise the new cost higher will be activated from June to December 2021, the NERC Order revealed.

Recall NERC earlier in December 2020, notified that it had begun a review for another tariff, which has been completed and had taken effect from January 1, 2021. NERC had raised tariff for the DISCOs in September but that drew outrages from customers and the organized labor, prompting the Federal Government to suspend it to pave ways for parties to dialogue.

Subsequently, by November 1, 2020, the suspended tariff was implemented after some discounts were given for customers who get 12 hours and above power supply daily.


» DOWNLOAD! FAST SERVER!

Upload — Music, DJ Mix and Album

Be the Judge! 💭...do you 🤔 love this News Post?
"FG Increases Electricity Tariff By 50%?"
😎 tap👇 a Reaction💖 now!🌍
Share it! Drop a #COMMENT!
Click 👇 to see more posts about
electricity tariff fg
Overview and Review of FG Increases Electricity Tariff By 50% — hits 438 views.
Kindly, share this post on

Stay Updated! Follow us on Social Media

Twitter | Instagram | Tiktok | Twitter+

(FREE UPLOAD!!!)
»  PUT YOUR SONG HERE
Put your Brand HERE 🌍
FEATURED POST ADs!

️🛍 Buy Quality Classy Footwears and Bags️ [ORDER NOW]

Latest News in town — 24 hrs New Update
Get Notified Instantly via inbox
Get all the latest News updates!
Subscribe for more music updates.
Your information is being handled in accordance with our Privacy Collection Statement. Read Our Conditions and Terms.
DROP YOUR COMMENT
Please be aware that your Instagram username will now appear in the comment section of all posts with a link to your profile page as of today.

Put your Brand HERE 🌍
FEATURED POST ADs!

️🛍 Buy Quality Classy Footwears and Bags️ [ORDER NOW]



Africa   Worldwide
Top Naija Artistes

9ice Adigun Larry Gaga Reminisce

Mr Benson DJ Lawy M.I TYLER ICU

PapiSnoop Erigga Yemi Alade

Viktoh Terry G Fela 2 

DJ Neptune Terry Apala

Barry Jhay Ceeza Milli

Superwozzy DJ Cuppy Dremo

Slimcase Small Doctor — Wale

Picazo Shizzi Tekno

Selebobo Qdot Diamond Jimma

Davolee Denike Pheelz Chris Brown

Demmie Vee Oyinkanade Popcaan

Oladips   Mystro  Mr Gbafun

Broda Shaggi Nomcebo May D

Martinsfeelz TROD Krizbeatz

Yung6ix Patoranking Skales

T Classic Asa Skibii Reekado Banks

Timaya Vector Areezy Mohbad

Master KG DJ 4kerty DJ Maphorisa

Niniola — Teni Makanaki Ladipoe

Rexxie P Prime Sarz on the Beat Shatta Wale

DJ Consequence Ceeboi Junior Boy

Peruzzi Ice Prince KOKER

Guchi Ckay KOKER

Yinka Ayefele — Frank Edward Kiddominant

Tope Alabi Nosa Sarkodie

Laycon Cheque Wurld Idowest

Johnny Drille Crayon KING Promise

Nathaniel Bassey Runtown Kabex

Hotkid Danny S Spax DJ Tunez

Dotman Dice Ailes DJ Spinall DJ Kentalky

Jaido P DJ Jimmy JattCDQ



Africa   Worldwide
TRENDING ARTISTES IN NAIJA

Adekunle Gold  Wizkid  Adekunle Gold  Guchi  Ayra Starr

Tiwa Savage 2Baba BUJUBNXN

Davido Zlatan LAX Otega

Falz The Bad Guy—Fire Boy DML

Joeboy Jamo PyperOberz

Kizz DanielSimi Terri

Rema PlayBoy Casted

DJ MoreMusic DJ YK

Wale Turner Tems 

Mayorkun Phyno 

Olamide Omay Lay

DJ Kaywise DJ Baddo

Wande Coal Mr Eazi 

Bella Shmurda Lyta Magixx

Zinoleesky OxladeOML

Balloranking RamadelBhadboi

TRENDING ARTISTES IN NAIJA

Adekunle Gold  Wizkid  Ayra Starr

Tiwa Savage 2Baba BUJU

Davido Zlatan LAX Otega

Falz The Bad Guy—Fire Boy DML

Joeboy Jamo PyperOberz

Kizz DanielSimi Terri

Rema PlayBoy Casted

DJ MoreMusic DJ YK

Wale Turner Tems 

Mayorkun Phyno 

Olamide Omay Lay

DJ Kaywise DJ Baddo

Wande Coal Mr Eazi 

Bella Shmurda Lyta Magixx

Zinoleesky OxladeOML

Balloranking RamadelBhadboi


TOP