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Nairaland Forum / Nairaland / General / Politics / Expect More Increase In Electricity Bill – NERC (13656 Views)
NASS Halts Planned Hike In Electricity Tariffs / NERC Suspends Increase In Electricity Tariff Till July / Nigeria Ranks The Second Worst Country In Electricity Supply In 2017 (2) (3) (4)
Expect More Increase In Electricity Bill – NERC by ezekielenejeta(f): 12:29am On May 04, 2018 |
Nigeria Electricity Regulatory Commission (NERC) Chairman Prof. James Momoh yesterday vowed to review the prevailing electricity tariff. Speaking with reporters after the Minister of Power, Works and Housing, Babatunde Fashola inaugurated him in Abuja, he said the commission would look into the computation of the tariff. He said: “The tariff is not a challenge you cannot solve. It happened, you learnt something about it last week. You don’t have to relearn the same lesson today. “You should be able to ask question–what are we going to do tomorrow to avoid the problem?. There is what you call data science in the new thinking of the world, where we collect data, you learn from the information and you predict the future. So if we don’t do that, we are wasting our time. Because you know it is going to rain tomorrow so you get your umbrella. You don’t wait until it rains before you go by umbrella.” Momoh added: “We have no choice; we have to look at what computes a tariff. Tariff is not a guesswork. There is a calculation you do to get there.” He said he believed in team work for quick wins, adding that some of the quick wins should be what the commission could do in terms of estimated billings and how to ensure that it gets enough data to convince customers to pay for the power they use. Momoh said: “If we remain the same, and we remain static, and we are not solving real problem, we will just be doing fire brigade promise. The GenCos will always tell you there is a blackout without knowing why. “You are going to ask question why. I know why, because I know the Mathematics behind it, I know the Physics behind it. I know also the Economics behind it. If we are able to teach people to know why things go wrong, perhaps, we learn from our mistakes,” he said. Momoh, who said the industry should anticipate problems, insisted that “we look back, we use lessons of yesterday to solve tomorrow’s problem.” Earlier, Fashola said observers would admit that power supply has increased since 2015, submitting that “without a doubt, we have increased generation to 7000Mw, increasing the transmission to over 7,000Mw, and increasing the distribution from 2,690 to average of 4,900 or 5,000.” He said the electricity market has a capacity of 2,000Mw that has been stranded, which the ministry is working to distribute before this year end. According to him, the NESI has a new stock of 459Mw underway from Azura that has notified him on the completion of its plant and its readiness to commence operation. Momoh said the sector is expecting another 240Mw from Afam and another 215Mw from Kaduna. Besides, he noted that the market is also expecting power from Kashimbilla, “but the distribution end is where our challenge lies.” Fashola said the mini-grid regulation has started yielding results, and the ministry is already seeing the impacts in the market. He said this year, markets such as Suru in Lagos, Sabon Gari in Kano, Ariria in Aba, and some other markets are going to be energised. Fashola noted that since the completion of the privatisation of the sector, the size of the ministry has shrunk from the previous staff strength of the 50,000 to less than 1,000. https://www.financialwatchngr.com/2018/05/04/expect-more-increase-in-electricity-bill-nerc/ 3 Likes |
Re: Expect More Increase In Electricity Bill – NERC by fawaz22(m): 12:46am On May 04, 2018 |
for the light wey no dey?...u pple hv sha conspire with dis herdsman to make life difficult...your fada! 59 Likes 1 Share |
Re: Expect More Increase In Electricity Bill – NERC by Debazent: 1:01am On May 04, 2018 |
What is all this for God sake. With improvement in electricity in my area,I still believe they are over charging not to even talk of increasing it,what is this country turning into. 29 Likes 2 Shares |
Re: Expect More Increase In Electricity Bill – NERC by SalamRushdie: 1:10am On May 04, 2018 |
Fashola and his friends have increased Tariff thrice already in less than 3 years 1 openly and 2 secretly but till date there is no noticeable improvement in electricity and the entire business chain... 67 Likes 4 Shares |
Re: Expect More Increase In Electricity Bill – NERC by Nobody: 1:18am On May 04, 2018 |
Debazent:Visa to Cotonou where I live is free bro. ![]() Sai Baba Nigerians. 9 Likes 1 Share
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Re: Expect More Increase In Electricity Bill – NERC by deebrain(m): 10:13am On May 04, 2018 |
But these people have no shame!! They keep talking on how they improved power ON PAPER!! Every thing like success of this government, is just paper and statistics. I guess Nigerians have been also eating 4square meals on paper. 22 Likes |
Re: Expect More Increase In Electricity Bill – NERC by rusher14: 10:14am On May 04, 2018 |
For me, I have no problem with increased cost of electricity provided it is prepaid and only on what is consumed. 15 Likes |
Re: Expect More Increase In Electricity Bill – NERC by YINKS89(m): 10:14am On May 04, 2018 |
But did people gt problem ... Don't let ur situation b like thisnooo 2 Likes
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Re: Expect More Increase In Electricity Bill – NERC by Patosky4U: 10:15am On May 04, 2018 |
Abeg na Somalia i will just enter....this country self don tire me 1 Like |
Re: Expect More Increase In Electricity Bill – NERC by itiswellandwell: 10:15am On May 04, 2018 |
Hmmmmm. He knows everything just the way fashola too knew everything about power then, still yet its still a rocket science despite increasing tariff. Only God knows how many time they will increase it before the year runs out. Check my signature for your quality customised Atm card flash drive |
Re: Expect More Increase In Electricity Bill – NERC by Iscoflexxman: 10:15am On May 04, 2018 |
Ask and it shall be given unto you. This is what you guys asked for, enjoy it. 2 Likes |
Re: Expect More Increase In Electricity Bill – NERC by Nobody: 10:15am On May 04, 2018 |
MOKU o. We don suffer for our government hand walahi. 17K na him nepa bring for me last month, i never pay and dem still wan increase. 3 Likes |
Re: Expect More Increase In Electricity Bill – NERC by Charly68: 10:15am On May 04, 2018 |
Useless people,we didn't see electricity yet you bring monthly bills,now telling us we should expect more charges,una go die in poverty patapata 2 Likes |
Re: Expect More Increase In Electricity Bill – NERC by thedondada(m): 10:15am On May 04, 2018 |
Pay for darkness. They promised change once they got in they changed promise. In Mi's voice. Thier fada 4 Likes |
Re: Expect More Increase In Electricity Bill – NERC by molas02: 10:15am On May 04, 2018 |
expect more illegal connection and metre bypassing 10 Likes 1 Share |
Re: Expect More Increase In Electricity Bill – NERC by maxiuc(m): 10:15am On May 04, 2018 |
![]() APC change 1 Like |
Re: Expect More Increase In Electricity Bill – NERC by tolexy007(m): 10:15am On May 04, 2018 |
God, is it a crime to live In Nigeria? Y all this hardships? Price of every commodity kips going up everyday. who curse Nigeria... 3 Likes |
Re: Expect More Increase In Electricity Bill – NERC by 1x2x3: 10:16am On May 04, 2018 |
No problem at all we will pay it. It's the calamity some foools brought upon this country. 2 Likes |
Re: Expect More Increase In Electricity Bill – NERC by lenghtinny(m): 10:16am On May 04, 2018 |
All of una at NERC dey mad ![]() 3 Likes |
Re: Expect More Increase In Electricity Bill – NERC by anyimontana(m): 10:16am On May 04, 2018 |
Only a fool will still attempt to kill the dead.... Buhari killed us since 2015 and he still doesn't want us to RIP?? Wicked somebody 2 Likes |
Re: Expect More Increase In Electricity Bill – NERC by ZorGBUooeh: 10:16am On May 04, 2018 |
Paying crazy bills for darkness..God punish una dia. ![]() The senate should fight against crazy bills to win the masses on there side. 3 Likes |
Re: Expect More Increase In Electricity Bill – NERC by BruncleZuma: 10:17am On May 04, 2018 |
![]() ![]() ![]() ![]() Please if you have any electrical power that you're not currently using can you lend me so I'd watch Super Story... ![]() 4 Likes |
Re: Expect More Increase In Electricity Bill – NERC by Assassin101: 10:17am On May 04, 2018 |
when will we have "ASSURANCE" from the electricity sector in Nigeria? 1 Like |
Re: Expect More Increase In Electricity Bill – NERC by Abudu2000(m): 10:18am On May 04, 2018 |
Buhari and his cohorts after 2019 4 Likes
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Re: Expect More Increase In Electricity Bill – NERC by LastSurvivor11: 10:19am On May 04, 2018 |
Again!!!! Which kin tin b this one na What happened to increase in megawatts? Tufiakwa to this APC change 2 Likes
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Re: Expect More Increase In Electricity Bill – NERC by damola1: 10:19am On May 04, 2018 |
Here in Ikeja, Electricity has really improved. But shame, I am looking for money for Generator for the hours for the remaining hours. 1 Like |
Re: Expect More Increase In Electricity Bill – NERC by kingthreat(m): 10:19am On May 04, 2018 |
stop estimated bills shikena 1 Like |
Re: Expect More Increase In Electricity Bill – NERC by LZAA: 10:21am On May 04, 2018 |
ezekielenejeta:funny how the so called activists from my osogbo are quiet now but wia dhouting upandan wen Gej was in power ![]() fashola is just mad cc immhotep onyeoga pointzerom iceberg3 shalomc 5 Likes |
Re: Expect More Increase In Electricity Bill – NERC by Queenext: 10:21am On May 04, 2018 |
K |
Re: Expect More Increase In Electricity Bill – NERC by Tiffbuxas: 10:22am On May 04, 2018 |
This is it..... These people are very selfish they want to kill us wif tax increases tariff on almost everything and at the end they will expect manufacturing to be cheaper here... Brace up people cost of goods are never coming down soon not with all this reckless policies. Thinking out loud... In a sane country citizens will protest all this nonsense buh well this is niaja where we. Don't seem sane 2 Likes |
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