Home News House of Reps Calls for Suspension of Electricity Tariff Hike 
News

House of Reps Calls for Suspension of Electricity Tariff Hike 

727
called upon the Central Bank of Nigeria (CBN) to retract its recent directive mandating banks to impose a 0.5 per cent cybersecurity levy on all electronic transactions within the country.

The House of Representatives has directed the National Electricity Regulatory Commission (NERC) to halt the implementation of the recent electricity tariff increase for Band A customers, pending further investigations by the House.

During a plenary session, Hon. Kama Nkem-Kanma raised a motion to criticise the sudden tariff hike and its discriminatory nature.

In response, the House set up a special committee to investigate the power sector comprehensively.

Additionally, the House instructed NERC to suspend other conditions outlined in the Multi-Year Tariff Order review.

The special committee, comprising representatives from various committees and stakeholders, will conduct hearings to review the tariff-setting process and assess its legality and reasonableness.

Moreover, the committee will collaborate with a former regulator to draft a bill to improve administrative procedures in tariff setting.

These measures were reportedly prompted by concerns over due process, fairness, and the impact on consumers, particularly in light of reports indicating discrepancies in customer categorisation and complaints about inadequate service despite increased charges.

During the plenary session on Tuesday, Hon. Nkem-Kanma stated:

The facts presented include the alarming tariff increase announced by the Nigerian Electricity Regulatory Commission (NERC) on April 1, 2023, resulting in a staggering 300% rise for specific consumers.

However, what’s more concerning are the reports indicating discrepancies in customer categorisation and widespread complaints regarding inadequate service despite increased charges.

This situation has not just sparked national anxiety, but it also threatens regulatory certainty and investor confidence in the sector, demanding immediate attention.

The motion proposes resolutions to suspend the recent tariff increases, establish a special committee for hearings involving relevant stakeholders, appoint a technical consultant to assess the legality and reasonableness of NERC’s procedures and draft a bill to improve regulatory processes in tariff setting.

Overall, this motion underscores the importance of legislative action to address the challenges facing the electricity sector and ensure fair treatment of consumers while promoting transparency and accountability in regulatory decision-making.

Read: El Salvador President, Bukele orders investigation into Executive Branch for bribery

About The Author

Related Articles

NewsSecurityWorld

Burkina Faso Releases Detained Nigerian Aircrew After Unauthorised Landing

Burkina Faso has released eleven Nigerian military personnel who were detained after...

NewsWorld

AES, Togo and Chad Launch Strategic Energy Projects in Niamey

Ministers of Energy from the Alliance of Sahel States, alongside their counterparts...

NewsPoliticsSecurity

Senate Pleas Exemption from VIPs Security Withdrawal

The Nigerian Senate has appealed to President Bola Ahmed Tinubu to exempt...

NewsSecurityWorld

US Peace Talks All for Nothing as Fighting Engulfs Eastern Congo and Rebels Advance

What was presented as a breakthrough moment of diplomacy has instead become...