… demand immediate reversal
The Trade Union Congress (TUC), electricity workers, and consumers on Monday described as ‘tiny’ the 8.1 per cent reduction in the tariff paid by Band A customers.
They called for a reversal of the tariff announced last month by the Nigeria Electricity Regulatory Commission (NERC) for Band A customers, saying there should not be segregation of electricity users.
The House of Representatives and Center for the Promotion of Private Enterprise (CPPE) Chief Executive Officer Muda Yusuf, however, described the review as a step in the right direction.
NERC which is the regulator of the nation’s electricity sector, had in a statement yesterday directed the 11 electricity Distribution Companies (DisCos) in the country to reduce Band A tariff from N225/kWh to N206.8/kWh for this month.
The DisCos immediately started complying with the order which NERC explained was primarily informed by the stability of the Naira against foreign currencies.
When the commission upped the tariff paid by customers on Band A feeders last month, it cited variables like the high cost of gas, prevailing exchange rate, and other macroeconomic factors as reasons.
However, there was an uproar over the adjustments from different quarters.
On Monday, TUC which is the umbrella body of senior workers, said pre-April tariff of N66/KWh should be restored while NERC engages with stakeholders .