The House of Representatives has kicked against an increase in electricity tariff proposed by distribution companies to the National Electricity Regulatory Commission (NERC).
The resolution was reached following a motion presented by Honourable Aliyu Madaki. The lawmaker disapproved of the price hike, considering the recent increase in petrol prices.
Madaki stressed that it is inappropriate and insensitive to introduce such a significant tariff increase when citizens are still grappling with the impact of the petrol price surge.
Reacting to the motion, the House has mandated its committee on power, once constituted, to engage in discussions with NERC to seek a mutual understanding and find a middle ground to address the proposed tariff hike.
Also, the lawmakers said the House remains committed to safeguarding the interests of Nigerians and ensuring that decisions made by regulatory bodies are in line with the welfare of the citizens.
The Federal Government disclosed that the 11 power distribution companies in the country have submitted applications for the revision of their electricity tariffs.
NERC who announced the applications, stated that the request for rate review is based on the need to incorporate changes in macroeconomic parameters, as well as other factors that impact these companies’ quality of service, operations, and sustainability.
NERC said the distribution companies’ applications for rate review are in accordance with Sections 116 (1) and 2(a) and (b) of the Electricity Act 2023, as well as other relevant regulations.
Some power distribution companies had recently announced that tariffs would be raised, with the increase set to take effect on Saturday, July 1.
