Despite the erratic power supply in the country and frequent system collapses, electricity tariff will continue to rise, the Nigerian Electricity Regulatory Commission has said.
NERC, while defending the Federal Government’s position on the recent increase in fixed electricity charges, said the Multi Year Tariff Order had an approved tariff stipulated for 2012 to 2016.
The MYTO, which was prepared by NERC and obtained by our correspondents, showed that there would be increases in electricity tariff every year till 2016.
The tariff schedule showed that consumers would have to pay higher on two fronts. Every year, the fixed cost will go up. Similarly, the energy cost or cost per kilowatt hour of electricity will also go up.
NERC had consistently said that increase in electricity tariff would be for the short run and that the amount payable by consumers would begin to fall when the country had produced enough electricity
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