Sam-AmadiFollowing the implementation of the Multi Year Tariff Order – Two (MYTO-2), statistics from the National Electricity Regulatory Commission (NERC) show that there may be a rise in tariffs in 2014.

But the DGM, Market Competition and Rates of the commission, Dr. Haliru Dikko at a recent stakeholders meeting said, there are no plans to increase tariff.

He said: “What is being implemented is the 2012 MYTO-2 tariff order,” and will cover a five year period, through 2013 to 2016.
But analysts said this MYTO-2 tariffs are expected to put consumers on the alert for a possible increase in charges from what is currently being paid.

Dr. Dikko who used the charges for Abuja distribution company as sample on projected fixed charges, confirmed that there would be slight increase in tariff for consumer categories other than residential whose charge is fixed at N4.00/kwh.
“Residential R2, R3 and R4 would have increased monthly fixed charges from current N702, N52,696 and N136,030 to N986, N73,997 and N191,016 in 2014 with a further increase to N1,384, N103,908 and N268,228 respectively in 2015”, he said.

 

Information from Daily Trust was used in this report.

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