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.
-
Business5 days agoAbuja gears up for Jetour T2’s rugged-luxury experience
-
Business6 days agoNigeria Business Outlook: Dangote IPO, markets, inflation and naira in focus this week
-
Business6 days agoDangote IPO rush crashes Bamboo login as investors flood platform
-
Business4 days agoDangote: Petrol price gap fuels smuggling as Nigeria faces fresh pump price surge
-
Latest7 days agoHamzat meets Pastor Chris Oyakhilome, hails Christ Embassy’s community impact
-
Business4 days agoTinubu’s economic reforms face public confidence test as cost-of-living crisis persists
-
Business6 days agoAugust inflation faces upward pressure despite disinflation trend – Analysts
-
Business6 days agoHigh fuel, low wages: The economic toll of Nigeria’s post-subsidy era


