He stated this on Tuesday at the Investigative Public Hearing on Power Sector Recovery Plan and the impact of COVID-19 pandemic organised by … Buhari nominates Sanusi Garba to replace retiring NERC chairman, Ifeoma Malo has just one goal: Ending energy poverty, How Sahara Group is leading environmental sustainability through Egbin Power, CBN gives local meter manufacturers loan access to 70% of total cost of production, #EndSARS: Casualties mount as Day of rage envelopes Lagos following Army shootings, Private equity-owned companies in “intensive care” due to pandemic, Coro: I still dee here! But a NERC document seen by The PUNCH on Tuesday showed that electricity customers, except those receiving less than 12 hours of supply, would have to … The rise comes as part of the ministry’s proposed amendments to... By Chima Azubuike No fewer than 6,000 units out of 20,000 meters ordered were on Monday received by Jos Electricity Distribution Company Plc to be installed in its franchise area of operations between now and December. In 2019, the federal government allocated 7% of its annual budget ( N560 billion) as subsidy for electricity tariff. “For projects that we have already secured their funding, we do not expect any adverse effect.”. “The fund should be provided for in the 2020, 2021, and 2022 Appropriation of the Ministry of Power,” he added. “For projects that we have already secured their funding, we do not expect any adverse effect.”. “Note that the teething issues as well as the legacy issues affecting the power sector is primarily an issue of infrastructural deficit and lack of coordination in the sector. “As discos, we believe in the rule of law. Nigeria’s legislative arm of government says it has convinced electricity distribution companies (DisCos) to shelve a planned increase in tariff, slated to kick-off on July 1, 2020. The senate president argued that the current quality of energy hasn’t significantly improved in the last ten years. The discos said the increase in tariff and the commencement date were approved by the regulator, and was initially scheduled to commence on 1 April but was postponed. Intercon, Join Nneka Chime, Principal and Head of Nigeria Ad, Join Rahila Thomas, Country Director, EMRC at the, 50th Power Dialogue … EndSARS; No eye had seen; no ear has heard…, 5 things FG must do to build resilient, industrial economy, Get the best of world News delivered to your inbox daily, Business Day, established in 2001, is a daily business newspaper based in Lagos. By Charles Kennedy Renewable energy consumption in the United States continued to rise for the fourth year in a row in 2019, with wind energy and wood and waste energy each accounting for 24 per cent of all renewable energy used in America, the Energy Information... Egypt’s Minister of Electricity and Renewable Energy, Mohamed Shaker, has announced that his ministry is looking to increase the percentage of electricity generated from renewable sources to 60% by 2035. “The fund should be provided for in 2020, 2021, and 2022 Appropriation of the Ministry of Power.”. “This explains our prayer for the distinguished senators to consider and approve additional funding for the execution of the various projects we are undertaking,” he said. According to local media, the discos raised their concerns in a statement this past weekend issued by Sunday Oduntan, the executive director for research and advocacy at the Association of Nigerian Electricity Distributors (ANED) in Abuja. We cannot take [a] decision about a very critical aspect of the sector like tariff without a nod from the regulator (NERC). He said following the completion of public consultation on tariff review, the regulator, Nigerian Electricity Regulatory Commission (NERC) had initially planned to conduct a tariff review in April 2020. According to Oduntan, the discos were surprised to receive a letter from NERC warning them not to mention their name or that of the federal government in any public communications on tariffs. As a result, it was agreed that the amount used in subsidizing electricity could be channeled in improving other sectors like health care and education. You've successfully signed in. It is expected that this new plan will force the increased quality of electricity service, improve the number of hours electricity is given, and also hasten the speedy delivery of prepaid meters to customers. My name is Simbi. UPDATE: The new tariff price and plans explained in this article has been temporarily suspended. “We are in a regulated sector. We cannot take [a] decision about a very critical aspect of the sector like tariff without a nod from the regulator (NERC),” the discos said. Babalwa Bungane is a content creator/editor for ESI Africa - Clarion Events Africa. The meters according to the Managing Director, Mr... Nigeria Electricity Hub | Copyright © 2020. During this period, consumers agreed to pay this tariff only if they got a certain high quality of service. Tuesday, June 16, 2020 Fashola MC POSCABA 0 Latest News in Nigeria. On September 1st 2020, the electricity distribution companies (Discos) started implementing the new electricity tariff plan. He however, said his ministry was proactively seeking strategies to identify projects that would require counterpart funding in the face of dwindling national revenue so as to deliver within the projected timelines. June 16, 2020. He said: “The impact of this means the subsidy being incurred in maintaining the current tariff level had to be maintained till July 2020 when the proposed tariff review will be implemented. The Minister said the impact of the COVID-19 pandemic … Hi. #EndSARS/Lekki massacre: We’re back to Abacha days – WS, #EndSARS: IPC condemns arson, attack on media houses and journalists, #EndSARS: Businesses in Umuahia paralysed as anti- riot policemen take over, Lekki massacre: Rights activists, Edetaen Ojo, calls for ICC’s intervention, #EndSARS: UN demands full investigation on Lekki Toll Gate Massacre, Insider abuse responsible for high rate of frauds in banks – CBN, Kindly support the growth of journalism in Nigeria, FG extends suspension of new electricity tariff by one week, Suspend new electricity tariff, FG directs DiSCOs, Labour suspends strike, FG freezes new electricity tariff. Get real time updates directly on you device, subscribe now. During this period, consumers agreed to pay this tariff only if they got a certain high quality of service. “As discos, we believe in the rule of law. The discos said the increase in tariff and the commencement date were both approved by the NERC, which was initially scheduled to commence on 1 April but was postponed. A + A -. EnergyNewsAfrica.com is a new website which has been designed to provide credible information and news content to readers especially players in the energy sector in Ghana, Africa and beyond. Currently, a number of distribution companies have started operating on the new tariff plan. “While it is our obligation to communicate the increase, it is also important for customers to know that it is following standard processes of tariff adjustments in the sector with approvals from NERC and the Federal Government. However, PREMIUM TIMES reported that the discos are accusing the Nigerian Electricity Regulatory Commission (NERC) of trying to dissociate itself from the electricity tariff increase. The minister believed that all efforts rendered by the many relevant stakeholders within the stakeholders should be aligned with the PPI for maximum effectiveness in implementation. Electricity distribution companies in the Republic of Nigeria have announced that a new electricity tariff increase will be rolled-out with effect from 1 July, 2020. Prof. James Momoh, Chairman, Nigeria Electricity Regulatory Commission (NERC) said this when the ad hoc Technical Committee on Electricity Tariff submitted its interim report at a reconvene bilateral meeting between Federal Government and Organised Labour on Monday in Abuja. However, the Nigerian Electricity Regulation Commission (NERC) went on a public consultation to see if it was a viable solution. Next, complete checkout for full access. This is certainly very unfair. Electricity consumers will begin to pay more beginning from July when the new tariff regime increase will commence. “The proposed increase and the timing of the increase in tariffs was done by NERC. It is their statutory responsibility. The new electricity tariff plan is a service reflective tariff structure which was mandated by the Nigerian Electricity Regulatory Commission (NERC). He stated this on Tuesday at the Investigative Public Hearing on Power Sector Recovery Plan and the impact of COVID-19 pandemic organised by the Senate Committee on Power. © EnergyNewsAfrica 2019 | Developed by Webnerdplus, Nigeria: New Electricity Tariff Effective July 1, Baker Hughes Books $170 Million Loss In Q3 2020, Ghana: BOST Revamps Buipe-Bolga Pipeline; Tema-Akosombo To Come Online Soon. You have entered an incorrect email address! Your email address will not be published. by Agency Report. We hope this article will be truly helpful as we explore how it all started, and what the current status is. Jun 18, 2020 | News, Press Release | 0 comments. Welcome back! Nigeria's leading finance and market intelligence news report. Which has inspired the current type of tariff plan. Mamman also said the COVID-19 pandemic had had a great economic impact not just on the health sector but on the overall economy. He said, “Indeed, the prevalence of the pandemic has already reduced productivity due to the strategy adopted globally to contain it. Poland Strikes $18 Billion Nuclear Power Deal With U.S. Nigeria: FG/Labour Committee Outcome, Matters Arising (Opinion), Ghana: NPA Exposes Petroleum Tanker Drivers; Accuses Them Of Peddling Untruth, Ghana: Sack NPA CEO-Petroleum Tanker Drivers Demand, Ghana: John Mahama Promises To Establish 2000MW Coal Power Plant At…, Namibia: 25 MWp Solar Power Plant To Be Established In…, Ghana: CEO Of Bui Power Authority Nominated For Awards, Ghana: VRA To Install Rooftop Solar System On Lawra Municipal Hospital,…, Ghana Energy Awards Nominees’ List Out With New Entrants, COVID-19: IEA Hosts Africa Ministerial Roundtable Tomorrow. As seen in recent news, the implementation of a new electricity tariff plan by Electricity Distribution companies has commenced. With the analysis from the world bank, it was gathered that over the last five years, over N1.7 trillion has gone into subsidizing electricity tariff. It is their statutory responsibility. This means that there’ll be a change in the electricity terms, service, and charges for Nigerians who use electricity based on the quality and hours of electricity received. He stated this on Tuesday at the Investigative Public Hearing on Power Sector Recovery Plan and the impact of COVID-19 pandemic organised by the Senate Committee on Power. The Minister of Power, Sale Mamman, has insisted that the new increment on electricity tariff will take off in July. Nigerians to start paying new electricity tariff from July 1. All Rights Reserved. He said, “The impact of this means the subsidy being incurred in maintaining the current tariff level had to be maintained till July 2020 when the proposed tariff review will be implemented. Mamman said COVID-19 pandemic had affected the laid, out plan for the repositioning of the electricity market towards financial sustainability under the Power Sector Recovery Programme.

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