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Hike tariff unfair to power investors

14 July 2016, 21:31

Abuja - The Lagos High Court ruling on increasing the electricity tariff has been said to be on power investors and to be irrational., Punch reported.

Power Expert, Gracious Omatseye, states that the high court found the Nigeria. Electricity Regulatory Commission action to increase tariffs to be illegal because most of the power stations in Nigeria are old and need to be refurbished.

Also read: Revised electricity tariffs to take effect on Monday - NERC

Omatseye has appealed to Federal Government that debt be paid to the Electricity Distribution Company by ministries, departments and agencies.

Distribution companies demanded a 100 percent increase on electricity but NERC has reiterated that there will no tariff increase on electricity.

For more on this story visit Punch


- News24


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