Just In! Federal Government Increases Electricity Tariff By 50% Again

Date: 05-01-2021 2:15 pm (3 years ago) | Author: Bayo Nelson
- at 5-01-2021 02:15 PM (3 years ago)
(m)

The Nigerian Electricity Regulatory Commission (NERC) has enforced a new Multi-Year Tariff Order (MYTO), increasing electricity bills by over 50 percent across the country. A revised MYTO and minimum remittance threshold payable by the Distribution Companies and signed by NERC Chairman, Sanusi Garba empowers the 11 DisCos to increase tariff by 50 percent citing prevailing economic realities, especially inflation and exchange rate.
The document dated December 30, 2020, overruled the previous order Order NERC/2028/2020. Labour unions and the Federal Government had been at loggerhead following an increase in the pump price of premium motor spirit as well as the increase in electricity tariff.
After series of outrage and outright rejection by consumers who cited poor power supply and the impacts of Covid-19, DisCos had in October last year started the implementation of a service-based reflective tariff (SRT) structure after backing by approval from President Muhammadu Buhari. All classes of consumers, except those who enjoy a few hours of power supply, would pay more for electricity until June this year.

Posted: at 5-01-2021 02:15 PM (3 years ago) | Addicted Hero
- gogoman at 5-01-2021 02:55 PM (3 years ago)
Online (m)
only in naija
Posted: at 5-01-2021 02:55 PM (3 years ago) | Grande Master
Reply
ReplyFollow
Login To Post Reply

Latest Updates

HARDWORK PAYS; Lady Opens Own Shop After Years Of Hawking Chin Chin, Egg Rolls, Puff Puff

Follow Due Process In Prosecuting Yahaya Bello, Group Tells EFCC

Heartbreaking; Man Losses Wife And Baby After 14 Years Of Barrenness

Despite Men’s Craziness, Women Can’t Do Without Them Says Singer, Tiwa Savage

BBN Venita Called A ‘Bully’ After Neo Shares Family Ordeal With One

Actor, Femi Adebayo's Wife Calls Out Online Aunties Who Come To Her DM With 'Dumb Advice'

Men No Longer Lose Weight In The Gym - Lady Reveals Reasons In A Video

Suspended UNN Lecturer Caught Sexual Assaulting His Married Female Student Arrested

Kanye West Reportedly Planning To Launch Porn Studio

More Featured Topics

fire TRENDING GISTS fire

TODAY'S TOP

  1. Family of Late Sound Engineer Have Refused to Exhume His Body From Riverside Despite Donations

  2. Another Nollywood Legend, Mr Zulu Adigwe Passes On

  3. Ondo Police Arrests Man Who Said He Saw Fetish Items in Car of 'Yahoo Boy' & Was Lynched by Mob

  4. Our Teachers Are Aware - Students of Lead British School Speak About Bully!ing at The School

  5. How Yahaya Bello Moved $720k From Govt Account to a BDC - EFCC Boss, Olukoyede Narrates (VID)

  6. EFCC Uncovers How Emefiele Printed ₦684.5 Million With ₦18.9 Billion

  7. I've Paid IT Experts To Pull Down My S3x Tape Off Internet And Mobile Devices -Tiwa Savage Says

  8. Suspended UNN Lecturer Caught Sexual Assaulting His Married Female Student Arrested

  9. Men No Longer Lose Weight In The Gym - Lady Reveals Reasons In A Video

  10. HARDWORK PAYS; Lady Opens Own Shop After Years Of Hawking Chin Chin, Egg Rolls, Puff Puff

  11. Naira Slumps Against Dollar To N1,300 In Official Market

  12. 'Kidnappers, Terrorists Don’t Deserve Mercy'- Murdered Professor Says In Last Interview

  13. Kanye West Reportedly Planning To Launch Porn Studio

  14. Actor, Femi Adebayo's Wife Calls Out Online Aunties Who Come To Her DM With 'Dumb Advice'

  15. Despite Men’s Craziness, Women Can’t Do Without Them Says Singer, Tiwa Savage

  16. Heartbreaking; Man Losses Wife And Baby After 14 Years Of Barrenness

  17. Photos Of Kogi University Lecturer, Sarinus Kano Killed By Suspected Armed Robbers

  18. BBN Venita Called A ‘Bully’ After Neo Shares Family Ordeal With One

  19. Alleged N8bn Nigeria Air Fraud: EFCC Arrests Ex-Aviation Minister, Sirika

  20. Follow Due Process In Prosecuting Yahaya Bello, Group Tells EFCC

THIS WEEK

  1. Davido Reveals Fate of Peruzzi And Other Signed Artistes After Dissolving DMW Record Label

  2. Abia Police Parade Suspected Criminals, Including ABSU Student Involved In Fatal Shooting

  3. Pastor, David Odeniyi Seeks Divorce After Wife Strips Him Nak3d In Front Of His Congregation

  4. 'Brand Ambassador', Phyna Calls Out Pepsi For Supplying Her Expired Drinks

  5. How Past Abia Govt Paid N107.2 Bn To Contractors For Non-existent Abia Airport & Other Projects

  6. Ex-Nigerian Customs Sole Administrator, Omlago Ango Damages Estranged Wife's Abuja Home

  7. Lady Who Was Dragged For Wearing a Racy 'Asoebi' Outfit to a Wedding Reception Breaks Silence

  8. Abia State Police Arrest Suspects Linked To Mysterious Death of 23-Yr-Old Hope Chinedu Prosper

  9. UNIPORT Lecturer Caught on Camera Pants Down, S3xually Harassing a Female Student in His Office

  10. Nollywood Actress Toyin Abraham Extends Olive Branch To Funke Akindele,Calls For Industry Unity

TOP MEMBERS:
  • gogoman 1168
  • fineboy77 786
  • felicilin 575
  • bohlah 299
  • kacylee 290
Read More

Featured Topics

. HARDWORK PAYS; Lady Opens Own Shop After Years Of Hawking Chin Chin, Egg Rolls, Puff Puff

. Follow Due Process In Prosecuting Yahaya Bello, Group Tells EFCC

. Heartbreaking; Man Losses Wife And Baby After 14 Years Of Barrenness

. Despite Men’s Craziness, Women Can’t Do Without Them Says Singer, Tiwa Savage

. BBN Venita Called A ‘Bully’ After Neo Shares Family Ordeal With One

. Actor, Femi Adebayo's Wife Calls Out Online Aunties Who Come To Her DM With 'Dumb Advice'

. Men No Longer Lose Weight In The Gym - Lady Reveals Reasons In A Video

. Suspended UNN Lecturer Caught Sexual Assaulting His Married Female Student Arrested

. Kanye West Reportedly Planning To Launch Porn Studio

. I've Paid IT Experts To Pull Down My S3x Tape Off Internet And Mobile Devices -Tiwa Savage Says

. Photos Of Kogi University Lecturer, Sarinus Kano Killed By Suspected Armed Robbers

. Naira Slumps Against Dollar To N1,300 In Official Market

. Alleged N8bn Nigeria Air Fraud: EFCC Arrests Ex-Aviation Minister, Sirika

. Victim Of Police Shooting Not Our Student – LAUTECH Denies Report

. 'Kidnappers, Terrorists Don’t Deserve Mercy'- Murdered Professor Says In Last Interview

. EFCC Uncovers How Emefiele Printed ₦684.5 Million With ₦18.9 Billion

. Another Nollywood Legend, Mr Zulu Adigwe Passes On

. How Yahaya Bello Moved $720k From Govt Account to a BDC - EFCC Boss, Olukoyede Narrates (VID)

. Family of Late Sound Engineer Have Refused to Exhume His Body From Riverside Despite Donations

. Our Teachers Are Aware - Students of Lead British School Speak About Bully!ing at The School (VID)

. Ondo Police Arrests Man Who Said He Saw Fetish Items in Car of 'Yahoo Boy' That Led to His Lynching by Mob

. Bayelsa State Govt Gives Civil Servants Two Days Weekly to Farm

. Trending Video of Bride As She Storms School in Wedding Gown to Write Her Final Exams

. 30 Year Old Man, Jeffery Caught Defiling His Landlady's 13 Year Old Daughter In Rivers

. VeryDarkMan Calls Out Hilda Baci Over Failure To Start Cooking Class After Receiving Payment

. We’ll Not Arrest You If You Show Up In Court – EFCC Assures Yahaya Bello

. One Dies, Three Hospitalised As Building Partially Collapse In Lagos

. Singer, Celine Dion Opens Up On Her Health Struggles

. How 18Yr Old Boy Fakes His Own Kidnap To Extort Father

. Embattled Actor, Baba Ijesha Files Appeal Challenging His 5Yrs Imprisonment Over Rape

More Featured Topics