{"id":1126,"date":"2021-05-21T07:42:04","date_gmt":"2021-05-21T06:42:04","guid":{"rendered":"https:\/\/mydailybells.com.ng\/businessbells\/?p=1126"},"modified":"2021-05-21T07:42:04","modified_gmt":"2021-05-21T06:42:04","slug":"suspend-june-electricity-tariff-hike-national-assembly-tells-nerc","status":"publish","type":"post","link":"https:\/\/mydailybells.com.ng\/businessbells\/suspend-june-electricity-tariff-hike-national-assembly-tells-nerc\/","title":{"rendered":"Suspend June Electricity Tariff Hike, National Assembly Tells NERC"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><span style=\"color: #000000;\"><strong><span style=\"font-size: 14pt;\"><span style=\"font-size: 24pt;\">T<\/span>he House of Representatives has asked the Nigerian Electricity Regulatory Commission to suspend the plan to review electricity tariff in June.<\/span><\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">It also condemned electricity distribution companies for transferring debts incurred by former occupants of building to the new occupants or tenants.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">At the plenary on Thursday, the House adopted a motion moved by Aniekan Umanah titled: \u2018Call on the Nigerian Electricity Regulatory Commission to Suspend the Proposed Increase in Electricity Tariff\u2019.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">Following the adoption of the motion, the House urged the Federal Government to direct NERC to \u201crescind the decision to further increase electricity tariff proposed for June 2021 in view of the hard times Nigerian masses are currently going through.\u201d<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">The House further mandated its committees on Power, Poverty Alleviation, and Labour, Employment and Productivity to ensure compliance with the resolution.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">Umanah, while moving the motion, noted that the Electric Power Sector Act of 2005 established the NERC with a mandate to license Discos, determine the operating codes and standards, establish customer rights and obligations and set cost-reflective industry tariffs.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">The lawmaker also noted that the Act prescribed its funding from 15 per cent of electricity charges paid by customers to the Discos.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">He recalled that the NERC, working with the Discos, had increased electricity tariffs five times since 2015, the latest being on January 1, 2021.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">Umanah said, \u201cThe House is aware that despite those increases, Nigerians have not enjoyed significant improvement in power generation, instead they daily grapple with epileptic services from the Discos and unilateral exploitation in the name of estimated billing arising from non-metering of over 50 per cent of consumers.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u00a0\u201cThe House observes that poor services by the Discos have impacted negatively on the socio-economic growth of the country as the International Monetary Fund Report of 2020 on Nigeria indicated that the manufacturing sector lost over $200bn to inadequate power supply, while $21bn was said to have been spent by Nigerians on generators within the period under review.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u201cThe House further observes that the Nigerian masses have gone through so much hardship in recent times arising from acts of terrorism, banditry, kidnappings, and farmers herdsmen\u2019s crisis with its toll on agricultural activities, displacement from ancestral homes, loss of loved ones, starvation arising from inability to return to daily occupation and loss of personal properties running into several million of naira.\u201d<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">The lawmaker added, \u201cThe House is concerned that at a time governments all over the world are adopting measures to cushion the devastating effects of the dreaded COVID-19 pandemic on their citizens by providing a wide range of palliatives to losses of loved ones, jobs, businesses and general distortion in the social life, NERC is tinkering with the idea of a further increase in electricity tariff after that of 1 January, 2021, in a country where two-thirds of the 200 million population is grappling with the crippling effects of the pandemic.\u201d<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">The House also unanimously adopted a motion by Olatunji Shoyinka titled: \u2018Need to Investigate Transferred Debts Incurred by Old Electricity Customers to New Users by Distribution Companies in Nigeria\u2019.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">The lawmakers consequently resolved to mandate the House Committee on Power to \u201cengage the distribution companies and other relevant regulatory agencies to find a lasting solution and report within four weeks.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The House of Representatives has asked the Nigerian Electricity Regulatory Commission to suspend the plan to review electricity tariff in June. &nbsp; It also condemned electricity distribution companies for transferring debts incurred by former occupants of building to the new occupants or tenants. &nbsp; At the plenary on Thursday, the House adopted a motion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[15,16],"tags":[669,670,671,441],"class_list":["post-1126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-energy","tag-electricity-tariff-hike","tag-national-assembly","tag-nerc","tag-suspend"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Suspend June Electricity Tariff Hike, National Assembly Tells NERC &#8212; Business Bells<\/title>\n<meta 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