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FG Reduces Electricity Tariff by Over 50%

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Sam Amadi

Chairman of Nigeria Electricity Regulatory Commission, Sam Amadi

The federal government has announced the reduction of electricity tariff by over 50% in some areas of the country.

According to Vanguard, The Chairman of Nigeria Electricity Regulatory Commission (NERC), Sam Amadi, announced the news yesterday in Abuja.

Amadi however noted that the reduction does not affect the Central Bank of Nigeria, CBN, facility and its payment of the tariff.

He further revealed that the decision to implement the reduction stemmed from consumers’ complaints of high electricity tariff and its adverse impact on the nation’s economy.

“The Commission has been listening to consumers and taking full account of 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.

Therefore, On Monday, March 9, 2015 the Nigerian Electricity Regulatory Commission (NERC) issued a new order to the effect that henceforth collection loss, which is defined as the ‘amount billed but not collected’, will not be automatically passed on to consumers of electricity,” he said.

19 Comments

  1. AsMyself

    March 18, 2015 at 9:32 am

    Ha biakwala ozo! (dem don come again oh!)

    All these “reduced tariffs” and production of imaginary MWs that don’t translate to me having light in my house. Nonsense and konkonbility.

  2. This world is shitty

    March 18, 2015 at 9:52 am

    Uncle Jona no go kill person oh. #latecampaignstrategy. 10 days before Otuoke get a new resident.

  3. na wah o

    March 18, 2015 at 9:53 am

    I think elections be held yearly, it seems it is the one way to get through to our leaders. Is it not the same govt that increased the tariff?
    Well like Mama Peace said, “Nigerian women shine your eyes o! Vote with what you have seen, who you already know and who has performed. If anyone is telling you change, they are deceiving you” .

    6 weeks transformation….

    • Just Sayin'

      March 18, 2015 at 4:03 pm

      Honestly I agree with you 100% that, elections should be held yearly in this country!

      And my fellow Nigerians should not hastily rejoice on hearing this news because fact remains:

      1) The power companies will not be n a haste to ‘rewind’ your meters even 6 months down the line.
      2) A 50 percent reduction will reduce your already trumped up hyper inflated 5 or 6 figure bill to 5 or 6 figures. Going from paying N50,000 to N25,000 when power is till not supplied and you cannot fathom discarding your generator, is still broad daylight robbery.
      3) This reduction is still no guarantee that in the next week or year, power companies will install pre-paid meters in your homes and offices.

      History has shown that in Nigeria, when things go up, they never ever come down.

      Look at the current inflation rate with CBN’s Emiefele’s failed policies that have trumped up the dollar/naira exchange rate under 6 months.

      Anything you are buying at inflated prices now, will not go down if exchange rates go down.

  4. HENRY

    March 18, 2015 at 9:56 am

    I hope the reduction is solely from consumers complains and not a political strategy.

  5. wagamama laughs!

    March 18, 2015 at 10:12 am

    I am laughing in Greek! I have already detailed my nepa issues nahhh.

    GIVE ME LIGHT FIRST! HABA!

    Which tariff are they cutting abeg? At the start of the year, i bought 5 NGN-5,000 vouchers for my meter…. I am still on number two.

    GIVE ME LIGHT OOOOOOOO! LET ME USE ELECTRICITY INSTEAD OF CHARGING MY INVERTER WITH GENERATOR EVERY NIGHT OOOOOOOOOOOOOO!

    The PREVIOUS TARIFF is still BETTER THAN BUYING DIESEL AND PETROL FOR GENERATOR!

    #LIGHT.UP.NAIJA 2010 has come and gone ooooooo! Choi!!!

  6. Bola

    March 18, 2015 at 10:13 am

    Hiss, we all know that it will be reversed after the election. If the tariff can be reduced by 50% it’s wickedness for the government not to have done that since

  7. ChiChiChilolo

    March 18, 2015 at 10:20 am

    Mtchew! Nor be wen light dey? That is automatic ticket to total blackout. This campaign should continue o! Can’t he slash Gsm rates too? I am expecting electricity to improve from next week and after elections to go back to status quo. Can these desperate actions win elections?

  8. coke

    March 18, 2015 at 11:38 am

    To go back to normalcy after elections right?

    comic town…

  9. Momo

    March 18, 2015 at 11:42 am

    Would rather have constant power supply than this, power is worse than ever , what exactly are they reducing?

  10. Peaches77

    March 18, 2015 at 12:08 pm

    Good news to my ears!! Yaaaay!

  11. Ebele

    March 18, 2015 at 12:50 pm

    Government Propaganda *sigh*

    What they failed to mention is that this does not affect you and i.

    MYTO 2.1 is used by Commercial/Industrial Customers. Residential Customers use MYTO 2

    Also, this is a reduction on tariffs that were already increased late year! The reduction is not based on the old tariffs but on the new one.

    In finer print, it does not benefit the common man, and its actually a 25% (or so) reduction.

    • NagosBigBoi

      March 18, 2015 at 5:49 pm

      Thank you! This is the trick they play on us mumus every time! The tariffs are different for residential and industrial/commercial.
      The bottom line is that DISCOs and GENCOs have to make back their money. They are already complaining that the tariffs are not high enough for cost recovery and that the devalued naira is impacting them (e.g. Dollar denominated loans).
      If government reduces the tariff, then they won’t invest and we will not see light! They have not even completed the transfer of the NIPPs so what incentive will the preferred bidders have to complete the process? The gas companies are complaining that the price they are forced to sell gas is too low for them to invest in producing more gas.
      This country just tire me! Our leaders truly do not give a sh#t about us. GEJ can never make this power problem better.

  12. prince

    March 18, 2015 at 2:02 pm

    why is it that it is now that the federal government deem it fit to reduce the tariff. Nigerians, WAKE UP!!! Enough of playing on our intelligence. we are no longer fools. Don’t mortgage your future becos of peanuts.
    When you give him what he wants, then you’ll mean nothing to him the same way you have in the last six years

  13. molarah

    March 18, 2015 at 2:15 pm

    You just gotta love the election season in Nigeria!

    First, fuel goes down by N10. Then the Boko guys get a run for their money(?). The Immigration test victim families get rewarded, and now this? Just wonderful. Wondering what’s next.

    It’s all for the good of Nigeria anyway. Keep it coming Uncle Jo!

  14. yea

    March 18, 2015 at 2:21 pm

    now that the president gives a damn (because he can see the end is eminent) can we ask him to visit the DSTV issue too? at least, that will benefit a lot of people.

    • Iris

      March 18, 2015 at 9:20 pm

      You should be more concerned about the electricity issue. Will reducing the (already increased) tariff actually do much? There’s nothing being said about improving power itself. DSTV is a luxury good at the end if the day. I don’t see how that’s related to government regulations.

  15. joliebebe

    March 18, 2015 at 2:55 pm

    Are you for real? That simply means the one hour electricity supply in 3 days will be further reduced to maybe one hour/week.
    It is annoying we are still queueing for fuel after price reduction and many promises by the dis- honourable minister of finance that all will be well by Friday – March 6th, 2015.
    We all have become Gencos……..generating our own power. Twale to Nigerians…we sabi suffer and smile no be small but Gpd dey sha.
    I have a picture of goats sleeping peacefully on top of transformers……..even goats believe PHCN has become a dead lion…mtshewwwww
    Lots of Lagos residents have gone to PHCN offices and advised them to come and remove their cables and formally severe their relationships.
    The most annoying thing is that exhorbitant bills keep coming in. I guess they are bringing bills for non-supply of electricty….as in they read the dormancy rates of the meters and bill us accordingly.
    Please…next!!!…I can’t shout jor.

  16. Bibi

    May 27, 2015 at 1:03 am

    The Price on Carbon Coalition under the PPOC with the State Department pay you yearly incentives for Installing Solar – up to 90% the cost of your solar investment in 10 years!
    It’s time to go Solar for Free. 24/7 Power supply is affordable and easier than you think!

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