On Air Now:
Now Playing:Loading...
site loader
August 24, 2023 NERC Urges Power Consumers To Update Meters

NERC Urges Power Consumers To Update Meters

The Nigerian Electricity Regulatory Commission has issued a crucial advisory to electricity consumers nationwide, urging them to take action and upgrade their prepaid meters before November 2024 to avoid any inconvenience.

This counsel comes in response to a power distribution company's notification, clarifying that those un-updated prepaid meters will cease to function starting from November of the following year. This aligns with the established international norm for prepaid electricity meters.

In a recent announcement shared on X (formerly known as Twitter) and observed on a Wednesday, the commission conveyed, "If you currently utilise a prepaid meter, the time might be ripe for an upgrade. As of November 2024, recharging your meter could become unfeasible without the necessary update. The process of upgrading is straightforward and comes at no cost."

The commission further elaborated, "Distribution companies (Discos) are set to initiate the distribution of two complimentary Key Change Tokens, designed to facilitate the meter update procedure. It's important to note that this upgrade will not impact the meter's existing unit balance or alter its standard operating speed. Don't hesitate to contact your Disco for more detailed information."

I want you to know that taking this advisory seriously and acting upon it promptly will ensure uninterrupted access to electricity services beyond the impending deadline. By adhering to this directive, consumers can avert any inconveniences associated with outdated prepaid meters.

January 5, 2021 Federal Government Again Increases Electricity Tariff By Over 50%

Federal Government Again Increases Electricity Tariff By Over 50%

The federal government has again approved an increase in electricity tariff payable by electricity consumers in Nigeria.

The Nigerian Electricity Regulatory Commission, NERC, approved over 50 per cent hike in electricity tariff payable by customers of the 11 Distribution Companies, DisCos.

A Multi Year Tariff Order (MYTO) signed by the new Chairman of NERC, SANUSI GARBA, on December 30, 2020, showed that the new tariff increase took effect on January 1, 2021.

The new increment is coming barely two months after the implementation of the controversial hike proposed last year.

In the new order, NERC 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 order 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.

Watch Live

x
PHP Code Snippets Powered By : XYZScripts.com
X