Energy
Finally, Senate bans DISCOS & NERC from increasing electricity tariff
The Senate on July 25th, urged the FG to reject the planned electricity tariff increase by 11 successor electricity distribution companies.
The upper legislative chamber also called on the NERC to look into the rate review applications filed by the Discos, taking into consideration the interest of citizens, affordability and the need for improved service delivery.
It equally urged the Discos to discontinue estimated billing and make available to all electricity consumers prepaid meters at affordable prices.
ALSO READ: FG discovers 1,618 ghost workers
They further asked NERC to explore alternative measures to address the financial challenges faced by the Discos, such as improving operational efficiency, reducing technical and commercial losses, and enhancing revenue collection mechanisms.
The Senate also stressed the need to allow ordinary Nigerians to breathe, insisting that anything that would bring untold hardship to the citizens would be rejected.
-
Football3 days agoFrance confirms U-20 Women’s World Cup participation amid FIFA-UEFA rift
-
Business3 days agoNigeria’s external debt service falls 31.5% to $954m in Q1 2026
-
Featured3 days agoOsun Governorship Election: Adeleke faces tough test as APC, ADC mount challenge
-
Latest3 days agoNFF denies calling for Infantino’s resignation
-
Business3 days agoNNPC faces fresh scrutiny over oil licensing, production claims, transparency
-
Business1 week agoBreaking: NNPCL reduces pump price of petrol as competition intensifies
-
Business3 days agoNaira at ₦1,360/$: Can the currency’s new stability last?
-
Latest3 days agoMessi reportedly faced multiple bomb threats during 2026 World Cup