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Nairaland Forum / Nairaland / General / Politics / FG Did Not Cut Electricity Tariff By 50%, Here Is an Explanation Why (955 Views)
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FG Did Not Cut Electricity Tariff By 50%, Here Is an Explanation Why by pacodas: 8:53pm On Mar 20, 2015 |
Newspaper and several online reports yesterday carried headlines that electricity tariffs were cut by a whopping 50%. This claim was based on a directive issued by the National Electricity Regulatory Commission, NERC. What the media failed to realise, is that the body of the NERC release made no reference to how much the new tariff was after its was supposedly cut. To understand how they got it wrong, one will have to look at the press released issued by NERC. Of particular reference is the paragraph that mentioned “50%”. The Commission has been listening to consumers and taking full account off the impact of high tariff on consumers and the Nigerian economy, has therefore reviewed the basis of the MYTO 2.1 assumptions and has determined that it is inappropriate to transfer to consumers collection losses that are controllable by DISCOs. It is the responsibility of the DISCOs to collect their revenue from their customers. Failure to do so should not be a penalty to customers who pay their bills. It is clear that removing the collection losses will lead to lower tariffs for consumers. The removal of collection losses from customer tariff has reduced tariff by more than 50 percent in some places. Please note that the reduction does not affect the CBN facility and its repayment. Now check the part that was highlighted again. The commission basically gave an example of how removal of collection losses can reduce tariff by more than 50% “in some places”. This is by no means a confirmation that electricity has suddenly been reduced to 50%. What the NERC DG was trying to say (which he didn’t explain well) was that assumption for calculating Aggregate Technical, Commercial and Collection losses ( ATC&C losses) is over blown by some Discos. ATC&C losses are basically targets that Discos are allowed to include in their assumptions when computing tariffs. They arise because electricity is a product that does not have storage ability unlike most inventories (like cars, books etc.), and as such when generated some of the energy gets lost through evacuation from the ‘Gencos’ to transmission by the ‘Transico’ and then some through distribution lines (wires and transformers) by the discos. They also must be consumed when generated unlike cars which you can keep and use whenever you wish. Whilst ATC&C losses are understandable and allowed, the ones that are due to a discos inefficiencies are not allowed to be passed on to consumers. The higher the ATC&C losses allowed to Discos the more it leaves room for manipulation by some inefficient discos making them load those losses via tariffs which customers end up paying . This is basically why NERC said some removal of collection losses (a subset of ATC&C losses which refers to discos inability to collect billed revenues) reduces tariffs by 50% in some cases. It doesn’t mean tariffs will be unilaterally reduced by 50%!!! Whilst most newspapers got it wrong, NERC has a share of the blame too as it gave out a press release without a definite figure of reduction or what the new tariff now is. This is why most believe the press release was rushed in a bid to score another campaign point for the President. Source: http://nairametrics.com/the-media-got-it-wrong-nerc-did-not-cut-electricity-by-50-and-we-explain-why/ |
Re: FG Did Not Cut Electricity Tariff By 50%, Here Is an Explanation Why by SeverusSnape(m): 8:59pm On Mar 20, 2015 |
GEJ IS ACTIVELY WORKING. |
Re: FG Did Not Cut Electricity Tariff By 50%, Here Is an Explanation Why by izuch(m): 9:01pm On Mar 20, 2015 |
Just in case.......... |
Re: FG Did Not Cut Electricity Tariff By 50%, Here Is an Explanation Why by bewla(m): 9:10pm On Mar 20, 2015 |
Noting go up and come down in nija cut t cement 1000 two weeks later 1900 . cut petrol 87 to weeks later 100 pls live power the way it is |
Re: FG Did Not Cut Electricity Tariff By 50%, Here Is an Explanation Why by GogetterMD(m): 9:34pm On Mar 20, 2015 |
GEJ the scammer. Cement, Petrol, Boko haram, and now electricity tariff. Smh |
Re: FG Did Not Cut Electricity Tariff By 50%, Here Is an Explanation Why by Riodiao(m): 9:37pm On Mar 20, 2015 |
Letter to Buhari from the grave of the innocents – By Bashir Yusufu Dear General Buhari; I would’ve addressed this letter privately to you, but in the expectation that you may not receive it, I decided to make it an Open Letter, in the hope that you would stumble on it, read it and hopefully feel some of the pains and anguish that have been my lot. Having said that, permit me therefore to proceed with the rest of this missive from the grave of innocents departed. Last night, while I was at my modest home in Katsina, relaxing and probably half-awake, I heard the voice of my cousin who was killed in the North in April 2011 during the post-election violence instigated by your loss of the presidential election. With bloodshot sad eyes, my cousin, looking apparition-like, was wailing “Gen Buhari, why why”. My cousin’s name is (or was) Mallam Yusuf Danfulani, a bright young lad originally from Katsina State, who was slaughtered in cold blood and set on fire by youths chanting “Sai Buhari”, like they are again now chanting in 2015. Gen Buhari, in case you have forgotten, Yusuf was slaughtered in your name even though he never did any wrong to you, and even voted for you against Dr Jonathan. He lost his life just because the murderers you encouraged by your many hate speeches believed Yusuf to be from middle belt or southern Nigeria, most probably because of his bulky looks and brave, patriotic attempts to prevent the killing of an innocent Youth Corper, Ukeoma Ikechukwu. Even though he cried out in Hausa and Fulfulde, he was still not believed by those you (Buhari) managed to brainwash to see all non-Fulani Nigerians as conspiring to vote against you. In this very case, Yusuf voted for you but his ‘Sai Buhari’ killers never believed he did. Like you, Gen Buhari, the mob was baying for the blood of innocents. If not for Yusuf’s best friend who was with him and was himself nearly killed, we would not have recognized his charred body that was burnt beyond recognition. And thanks to the same friend for recounting to us the little he could make out at the last moments of Yusuf’s life, the agony he passed through and the most important words he uttered before he gave up. It is the same words I heard him utter last night from the grave: ‘Gen Buhari, why why’. Yet, to this day, you (Buhari) have not cared to apologize or show any remorse, but you instead offered lame excuses for the bloodletting you had instigated, and still instigate. I now ask you this: Gen Buhari, must you always shade blood, like you started doing from 1983, to rule Nigeria? Do you recall how you killed Brigadier Bako in 1983 just so you could take power by force from Shehu Shagari? General Buhari, Ukeoma Ikechukwu himself was reported missing that same day Yusuf was murdered by your supporters, and finally confirmed dead the following day when his charred remains was discovered in a hooded area. Apparently, your supporters had dragged him out of the open and tortured him before finally snuffing life out of him. Like my cousin, Yusuf, Ukeoma was very young and an innocent. Unlike Dr. Jonathan, they were not contesting against you. Yet, when they were killed, part of Nigeria was killed with them; the same Nigeria that you are now angrily campaigning to rule. Yusuf and Ukeoma were not alone. Six other innocent Youth Corpers were also murdered in Bauchi, where you Buhari, polled 1,315,209 votes (almost 82 per cent), defeating Dr Jonathan who scored 258,404 votes and did not even hit the 25 per cent mark. The corps members were reportedly chased to a police station where they sought refuge. But the rioters, who were raving mad with bloodlust and chanting “Sai Buhari”, overran the station and murdered the young Nigerians in cold blood. So, Gen Buhari, as you can see from the Bauchi result and it’s aftermath, your supporters even shade blood when you win; still you have no qualms. Today, you are prancing around the nation, arrogant and angry as usual, behaving like you have already won the election; and thus setting up another bloodletting if you are not announced winner. The story of Obinna Okpokiri is as heart-wrenching as Yusuf’s. The 27-year-old was butchered and burnt to ashes, in the service of his fatherland. Okpokiri’s own circumstances were as gruesome as they could be. He had run to the Corpers’ Lodge as the rampaging ‘Sai Buhari’ rioters targeted Youth Corper polling officers recruited by INEC for the election. As painful death loomed, the young Nigerians contemplated fleeing to the barracks. But they were not lucky enough. Your ‘Sai Buhari’ supporters caught up with them, slaughtered and set them on fire. Like Yusuf, these innocents are human beings and future leaders on the last laps of fulfilling their national duty before moving on to a bright future. But it was not to be because, in your name, Gen Buhari, they were slaughtered, sliced, soaked in petrol and scorched. Reduced to ashes in minutes and in the most callous fashion by those that are not better citizens or humans than them. General Buhari, while you are now busy inciting another violence, please bear in mind that in 2011, your supporters turned violent in whole 12 northern states as they burned the homes, vehicles, and properties of innocent Nigerians, some of whom are also Muslims and Northerners like you and my cousin Yusuf. Your ‘Sai Buhari’ supporters also targeted and killed Christians and members of southern Nigerian ethnic groups, who were seen as supporting the PDP, and they burnt churches across the north. One particular attack in Bauchi stood out as most heart-breaking. According to Human Rights Watch, on April 17 in Giade, a rural town in northern Bauchi, ‘Sai Buhari’ mobs attacked youth corps members in the town. The Corpers, who were mostly from Yoruba, ran to the local police station to seek refuge, but the mobs stormed the police station. The mob killed the police officer on duty and burned down the police station. They raped two of the female youth corps members and then hacked them to death with machetes, along with five male youth corps members. In total, rioters killed ten youth corps members in that town alone. A lecturer at the Nuhu Bamalli Polytechnic, Zaria, Kaduna State, described to Human Rights Watch how a mob of Muslims chanting “Change, Sai Buhari” attacked and killed several Christian students, a Christian lecturer and four Muslim students suspected of being PDP sympathizers on April 17: He said “Between 10 a.m. and 12 p.m., they entered the school chanting slogans and shouting: “Where are the Christians and Muslims that supported the ruling party?” They had painted their faces black and were shouting that they needed “change”, the Congress for Progressive Change campaign slogan. The mob had all sorts of weapons – machetes, sticks, and clubs. They started breaking the glass on the buildings. The students ran away but the mob pursued them into the staff quarters and they had nowhere to go. The mob beat them to death. The lecturer they killed was Yoruba“. Finally, Gen Buhari, let me end this letter by asking you this question: When are you going to apologize to me, to Yusuf’s aged parents, to Ukeoma’s parents, to parents of all innocents murdered by your brainwashed supporters, to Nigeria and to mankind? And here is Yusuf again, asking you from the grave: “Gen Buhari, why why”. Bashir Yusufu. yusufubashir@yahoo.com |
Re: FG Did Not Cut Electricity Tariff By 50%, Here Is an Explanation Why by pacodas: 11:50pm On Mar 20, 2015 |
Riodiao:Must you post this in every thread? Are you a bot? |
Re: FG Did Not Cut Electricity Tariff By 50%, Here Is an Explanation Why by 4congo: 7:35am On Mar 21, 2015 |
Yeye dey smell |
Re: FG Did Not Cut Electricity Tariff By 50%, Here Is an Explanation Why by David0(m): 9:12am On Mar 21, 2015 |
Makes no difference since light no dey in d first place. Weda u slash d bill by 50% or u give examples, d fact still remains....No light for Naija. I hv decided to change my bank account no. |
Re: FG Did Not Cut Electricity Tariff By 50%, Here Is an Explanation Why by pacodas: 10:09am On Mar 21, 2015 |
David0: But I think our media should be more careful how they reports news of this nature, it's unprofessional |
Re: FG Did Not Cut Electricity Tariff By 50%, Here Is an Explanation Why by Jesusloveyou: 10:41am On Mar 21, 2015 |
SeverusSnape:gej is actively playing us,so we are be paying for their inefficiency, |
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