BRAKE FAILURE CITED AS CAUSE OF ACCIDENT INVOLVING SECURITY OFFICERS IN ABIA- FRSC. (PHOTO).

The Federal Government has announced plans to adjust electricity tariffs to address disparities in the current billing system and attract investment in the power sector.
Speaking at the public presentation of the National Integrated Electricity Policy and Nigeria Integrated Resource Plan in Abuja, the Minister of Power, Adebayo Adelabu, expressed concerns over the slow transition of customers to Band A due to the reluctance of Distribution Companies (DisCos) to invest in infrastructure.
Currently, Band B customers, who receive 17ā18 hours of electricity daily, pay ā¦63 per kilowatt-hour, while Band A customers, with just two additional hours, are charged ā¦209 per kilowatt-hour. Adelabu described this pricing as unfair, emphasizing the need for a more balanced tariff system.
āWe will review the tariffsānot necessarily increase themābut to enhance last yearās progress and facilitate investment in power infrastructure,ā he clarified.
He also highlighted the need for significant investments to speed up the migration of lower-band customers to Band A, lamenting that DisCos have failed to invest adequately in the sector.
To bridge the wide gap between Bands A, B, and C, the government is considering restructuring the tariff bands to create a more equitable pricing system. Adelabu reiterated that while a review is necessary, it does not automatically mean a tariff hike.
Comments
Post a Comment