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Nairaland Forum / Nairaland / General / Politics / Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn (26053 Views)
Nationwide Blackout Imminent As Power Generation Falls Below 3,000MW / Jonathan Didn’t Order Electricity Tariff Reversal, Ex-nerc Chair Replies Fashola / FG Opposes Electricity Tariff Reversal, Backs NERC (2) (3) (4)
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Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by Nobody: 10:35am On Feb 18, 2016 |
HirstMOG: It was the PDP who privatized the PHCN....not APC. 1 Like |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by francizy(m): 10:38am On Feb 18, 2016 |
obailala: Everything is so unfair in this country. Am in Kaduna presently and my friend told me that prepaid meters are distributed free of charge here that not including the power supply they enjoy here. But in Lagos, we pay heavily for substandard prepaid meters that takes close to 2 and a half years before they supply it but pack up before one full year usage. These are the major corruption the common man is facing and should be addressed if this government is serious.. 2 Likes |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by Inspectahdeck(m): 10:38am On Feb 18, 2016 |
please what about the (750) fixed charge monthly that amounts to billions of Naira, didn't it settle the gas charges? Or the estimated bills charged to customers for power not consumed which amount into billions. The problem is they want to make more profit. I pay around N20, 000per month for a 2 bedroom apartment with at least 5-6 hours power in 2days (estimated bill). Now please add 45%to that and tell me how visible that is. If they cannot operate they should hands off. The Government should open the market for free entry and see how things will change. blazetitov: 1 Like |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by iycebube: 10:38am On Feb 18, 2016 |
#powerbeforeincrement Spread the word before we end up pay in outrageous tariffs to this fuckin a**holes |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by LasPlagas: 10:38am On Feb 18, 2016 |
Stories for the babalawo side chick. |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by Nobody: 10:39am On Feb 18, 2016 |
The sad thing is that we had to privatize the power sector...because we had no choice. This is one decision of GEJ that made sense. The problem is....Nigerians want to pay zero naira for electricity. And they expect miracles from the private companies who are dealing with poor equipment, and poorly trained staff. If GSM was not privatised from the word go.....it would have been messed up by now. 3 Likes |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by idupaul: 10:43am On Feb 18, 2016 |
kennyman2000: Don't mind the dude..after stealing 500 billion as bailout..you are right that dude must work with Fashola |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by phadriz(m): 10:47am On Feb 18, 2016 |
phlemzy:The principle of business is that you invest sufficient capital before you start thinking of profit. Do they think that they can just start making the money easily the way MTN did? by buying PHCN. Why can't they do their feasibility study properly before bidding. They can make the nation black out we are use to it. |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by Goke7: 10:47am On Feb 18, 2016 |
steppin: By the time PMB descends on them now, they will shout rule of law, even Fayose will abuse PMB for doing the needful. We are in a big poo in this country. |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by kjhova(m): 10:49am On Feb 18, 2016 |
HirstMOG: You probably don't know that President Jonathan carried out this privatisation programme and set up the NERC which was quoted in the OP's write up. You also probably don't know that the tarrif increase has been pre-agreed with the power companies since the Jonathan era under the MYTO 1 and MYTO 2 agreements. So before you spew forth further hatred for the current government, educate yourself on the happenings in the power sector over the last eight years and realise that the hands of Fashola are somewhat tied presently unless you suggest that we undo the errors of the past administration. 4 Likes 1 Share |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by Goke7: 10:50am On Feb 18, 2016 |
adipemcanis1: The privatization thing was a scam, what infrastructure has the discos provided for us to take them serious? when the gsm companies came, they started building infrastructure immediately cos they meant business. 1 Like |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by Goke7: 10:53am On Feb 18, 2016 |
Inspectahdeck: Exactly bro, this is where I will hold PMB responsible and start attacking him if he does not reverse the phcn privatization scam by the previous FG, those discos or skelewu guys are not ready for business I tell you. Its time for Baba to descend on them like he has done with subsidy scammers. |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by ceejay80s(m): 10:54am On Feb 18, 2016 |
Nepa just deg make noise, blackout kò, whiteout ní, for the past 3weeks I never see light pass one hour in a day, they are here talking trash |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by AZeD1(m): 10:57am On Feb 18, 2016 |
Goke7:Stop comparing power and telcoms, that's like comparing apples to chickens. Power is a capital intensive business and the truth of the matter is if the country wants to make progress, we need the increase in tariff. What the senate should have done/ do is make it a criminal offence to give consumers estimated billing. That way, you either provide the meters of give out free electricity. 3 Likes |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by Achuwa1(m): 11:03am On Feb 18, 2016 |
They should provide pre-paid meter for all,so tht ppl will pay for what they consume than threatening blackout... have they 4goten Nigerians are used to darkness & virtually everyone has generator,, |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by locutas: 11:04am On Feb 18, 2016 |
admax: Very informed post. Unfortunately, sentiment will likely prevail over reason as it usually does in our clime. Most people commenting on this topic have no idea how long it took Azura to conclude its development phase of its GFPP. The politicisation of the tariff increase by the Senate sends a very bad signal to investors. Azura is the first project-financed IPP to close financially in Nigeria. The project took far too many years to conclude due to the difficulty of developing bankable financed projects in Nigeria. Truth is there are very few of such projects being developed that will close out financially in the next 3 years with the current climate. Uncertainty in the Tariff regime will kill investor confidence. It costs approximately $1.8mn/MW to develop a gas power plant and $2.73mn/MW to develop a coal power plant. When you consider that the developer will fund the construction of the gas pipeline and transmission lines (to closest substations), the above cost increases considerably. Simply put, it costs MONEY to develop power projects. Without a bankable tariff, there will NEVER be any real growth in the power sector. There's a lot truth people just don't want to hear and this is just a taste of it. 6 Likes 1 Share |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by blazetitov: 11:07am On Feb 18, 2016 |
Inspectahdeck: N20,000 per month #Faints |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by phlemzy: 11:09am On Feb 18, 2016 |
kennyman2000:lol @ Fashola's PA.. |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by Goke7: 11:09am On Feb 18, 2016 |
AZeD1: Am not actually against the increase bruv but truth be told, you can't ask people to pay for a service not rendered, that has been the issue and why did they stop giving out pre-paid meters for a very long time, I use a pre-paid meter and so the tariff increase does not bother me at all as I don't even have light in my area but my meter will not read one kobo, the removal of service charge sef is a a bonus to me as I may not need to recharge for a whole year sef but same cannot be said for those on the estimating billing system as they must cough out money whether there is light or not. The truth is most of the gsm companies are owned by foreigners apart from glo who mean business, so they are working but the discos were shared and bought by the same Nigerian greedy politicians who don't mean well for Nigerians but just want to be collecting and spending our money as usual. This is why the present FG must reverse the privatization scam and open it up to even foreigners who will be ready to do business and build infrastructure. Truth be told Nigerians can be bad managers otherwise how do you explain how visaphone being bought over by mtn and how come dstv continues to enjoy monoploy. open up the power sector to both local and international investors and see whether we will not have light 24hrs a day. We are our own problems. 4 Likes |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by Goke7: 11:12am On Feb 18, 2016 |
locutas: provide the service and people will pay, we don't need all these grammar abeg, people are ready to pay for the service they will consume, that is the point Nigerians are making. |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by blazetitov: 11:12am On Feb 18, 2016 |
Inspectahdeck: Ehen, Come , You dey run pure water factory for the house If this is true, then you need to complain unless you don't have a meter. You referred to the N750 monthly charge but you forgot to mention that when these companies were sold, the were sold with huge liabilities and moribund equipment. If we want steady power, we should be ready to pay for it. 1 Like 1 Share |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by ATERI(m): 11:13am On Feb 18, 2016 |
Bevista: Any example of a country that privatized this sector wholly, the way you are suggesting, that is enjoying that low tariff right now? |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by egopersonified(f): 11:13am On Feb 18, 2016 |
At whatever rate, main issue, please remove this fixed charge. |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by Nobody: 11:14am On Feb 18, 2016 |
admax:This sounds like a PHCN staff talking. 1 Like |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by phlemzy: 11:15am On Feb 18, 2016 |
Inspectahdeck:Maybe there should be a public analysis of what the revenues/expenditures of all the Firms involved in generation,transmission & distribution look like so that there can be some justifications to their requests for increase. On the issue of prepaid meters, I wouldn't understand why they don't want to share them to consumers. |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by harry41: 11:16am On Feb 18, 2016 |
Why must the masses pay for the evil deeds of the politicians? The privatization stuff was a scam from the beginning. If the discos don't have funds( which is a lie) they shdnt have ventured into the market in the first place. I haven't had electricity for days now and yet they will give me a bill of 17k as they always do even though I have a meter. No improvement no increment. Source for loans somewhere else God help Nigeria |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by AZeD1(m): 11:17am On Feb 18, 2016 |
Goke7:The power sector (generation) is open to anybody. As for meters, my point is the senate should criminalize estimated billing. That way, the power companies can't say the government or anyone is limiting investment. |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by Ximonak: 11:17am On Feb 18, 2016 |
Inspectahdeck: Etisalat didn't make profit for 2yrs in nigeria but they were giving out free credit/sms and data plan just to gain customer trust. DISCO is just after milking us, and the government is supporting it indirectly
What about the increment already before now, Imagine paying 2000 those days (the read the old meter) before it was privatise. EKEDP billed 5k still no improvement. We still contribute to buy transformer/fuse etc for the transmission. We still paid for 3months darkness... Give us prepaid they refuse, some months it's 12k with like 3times 6hrs light, darkness the rest. We have the money, give us prepaid meter even add the bribes make it 50k for single face, but they refuse. Except some new house that will give them 70 - 100k for single face, it will not take 3months you will see prepaid installed in that new house I am fed up, the FG is not even helping matter 1 Like |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by Bevista: 11:18am On Feb 18, 2016 |
ATERI:From NERC multi-year pricing template, tariffs should come down in 3-4 years. But that's really not the point. The real point is getting regular power supply and paying an appropriate price for it even if it is marginally higher. Most things go up in price due to inflation. 1 Like |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by jahsharon: 11:18am On Feb 18, 2016 |
One of Obasanjo, Yar'Adua and Jonathan's numerous messes that Buhari is working hard to clean up. |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by kjhova(m): 11:19am On Feb 18, 2016 |
Goke7: You are very correct Goke. Econet and MTN paid almost US$300M each in licensing fees and still spent additionally over a billion dollars to build infrastructure from scratch to the level we are today. They were serious business entities which were already in existence and operations before bidding for the Nigerian licences. They also brought in a functional billing mechanism which put them and not the consumer in charge of bills collection. The entities GEJ's government sold our power structure to were only briefcase companies with only owners and letterhead papers!! Most of them borrowed funds to pay for the licenses and had no financial nor technical knowhow to improve the structure they were taking over!!! For those of you who live in Lagos, have you ever seen any IKEDC or EKEDC project around your neighbourhood? Groundbreaking, base cell installation, new 33KVA projects, step down transformers, smart meters that can b remotely tripped off etc This is not privatisation, no, this is crony capitalism and crass rent collection. 3 Likes 3 Shares |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by HirstMOG(m): 11:22am On Feb 18, 2016 |
kjhova: My teacher, I have never heard of anything like continuity in governance since the history of this country, why is it only in the power sector that Fashola and Buhari hands are tied Baba leave trash for LAWMA abeg!!! |
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