eko disco tariff

Electricity customers have clamoured for the removal of fixed charges and our company’s new tariff is the lowest in Lagos,” he said.It would be recalled that NERC announced the removal of fixed charges for all classes of electricity consumers, noting that power users would henceforth only pay for what they consume.NERC, while outlining the rates of increase in tariffs for various customer classes in selected locations across the country, said residential customer classification (R2) in Abuja Electricity Distribution Company will no longer pay N702 fixed charge every month.

SaharaReporters.com is an outstanding, groundbreaking news website that encourages citizen journalists to report ongoing corruption and government malfeasance in Africa. Being so, it certainly will be a projection and that will be based on data from the past intake. Adebayo Obajemu Barring unforeseen circumstances, Ikeja Electric, Eko Electricity and other Distribution Companies are set to increase tariff from July 1. Register your intrest for any of the services listed below; Home Call-out Service 247 Power Schedule Alerts Insured Scheduled Electrical Inspection Electrical Installations Power On Demand SMS Alerts But we are still discussing with the regulatory body about this tariff increment.”Meanwhile, the Registrar, Chartered Institute of Finance and Control of Nigeria, Mr Godwin Eohoi, has called on the Federal Government to recapitalise power firms to enable them to deliver on their mandate.He said almost five years after the privatisation of the power sector, consumers had yet to feel the positive impact of the exercise as many of them were still being subjected to arbitrary charges.He said, “After the privatisation of the defunct Power Holding Company of Nigeria, the government retained control of the transmission aspect through the Transmission Company of Nigeria, while generation and distribution aspects were privatised, with the private sector having controlling shares.“At present, the weakest link in the value chain is distribution, which is evidently bedevilled by inefficiency, poor revenue collection and weak capital.“Most of the distribution companies have yet to invest in metering that will help them improve on the revenue collection capacity.“If the Discos do not presently have capital to invest in transformers, meters, government, which is the 40 per cent owner of the Discos should simply call for recapitalisation and dilute the private sector interest in the first instance as a stop-gap while subsequently privatising its majority interest to investors with proven financial capacity to invest long term.” Culled from Punch.

... urged the Disco to put tariff increment on hold till it metered majority of the customers under its coverage. However, the fact is that as far as there is no reliable power, there will be no tariff increase.”On his part, Akingbogun stated that consumers were not carried along by the regulator, as required in the standard practice before the announcement of new tariffs.He said, “The first thing I’ll say is that consultation was not properly done before the announcement and for us, the details are just rolling out bit by bit.“We first got to know about it by reading it in the paper and one thing for sure is that consultation with the private sector was not properly done.”Reacting to the tariff increase, the General Secretary of the Nigeria Labour Congress, Emma Ugboaja, said the union would mobilise Nigerians against the proposed increase in tariff.He said, “The NLC will mobilise Nigerians against the increase in electricity tariff because that is not the way to go.

According to him, improvement in electricity supply necessitated the need to increase the electricity tariffs.Mamma said electricity supply was being affected by cost-ineffective tariff and that it was a drawback on the operation of the energy distributors. They also reduced their production rates as the COVID-19 pandemic caused a downward trend in energy demand.Energy demand at one point was down by more than 30% globally and still remains below pre-pandemic levels.Some of these conpanies’ executives said they took these austerity measures because they expect demand to continue to be on the downward trend in the meantime. Eko Electricity Distribution Company, popularly known as Eko DISCO, would be meeting with electricity consumers within its network area to appeal for compliance with the new tariff recently announced by the Nigerian Electricity Regulatory Commission, NERC, and which is billed to take off on February 1.Head, Corporate Communications at the company, Mr. Godwin Idemudia, who disclosed this to our correspondent in a telephone chat said the aim of the meeting is to seek understanding on the tariff regime.He explained that electricity customers with prepaid meters within the company’s network would be the first to feel the impact if the tariff hike while those on estimated billing will fill the impact at the end of February.Mr.

The Bloomberg MEI alumni has interviewed some of the most influential figures of the IMF, G-20 Summit, Pre-G20 Central Bank Governors and Finance Ministers, Critical Communication World Conference. Our correspondent reports that the electricity distribution company is proposing to […] 2012 Energy Rates for Eko … So when you calculate that in weeks, months and year, then you may know the annual figure.”For Yola Disco, the spokesperson, Kingsley Nkemneme, said, “In most cases, we get between 140MW and 150MW daily. In the manufacturing sector, electricity is one of the most critical inputs.“There is no way our products can be competitive if we have to cope with this kind of energy supply and the cost of it. The pandemic has already killed more than 700,000 people.Of those five oil majors, only Exxon Mobil (XOM.N) did not book sizeable impairments, Reuters reported.

Note that this power rates are only valid for 2012.

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