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    MarketForces Africa » MarketForces News » NERC Yet to Give Directive ON Electricity Tariff Hike – IBEDC

    NERC Yet to Give Directive ON Electricity Tariff Hike – IBEDC

    Marketforces AfricaBy Marketforces AfricaJuly 1, 2023 News No Comments2 Mins Read
    NERC Yet to Give Directive ON Electricity Tariff Hike – IBEDC
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    NERC Yet to Give Directive ON Electricity Tariff Hike – IBEDC

    Ibadan Electricity Distribution Company (IBEDC) has said that Nigerian Electricity Regulation Commission (NERC) has yet to give a directive on the new electricity tariff earlier scheduled to commence on July 1.

    The Public Relations Officer of IBEDC, Ms Busolami Tunwase, stated this in an interview with the News Agency of Nigeria (NAN) in Ibadan on Saturday. She said: “I am not aware that NERC has given us any such directive. It is the commission that does the whole thing and I am not sure it has given such a directive.

    “But, any moment we get the directive to that effect, we will announce it and it will commence based on instructions from NERC,” Tunwase said.

    Recalls that condemnation had greeted the proposed new tariff since the news hit the airwave, with stakeholders arguing that the timing of the increment was wrong, given the poor service delivery of most of the electricity distribution companies.

    NAN also observed that IBEDC offices were besieged by lots of customers seeking to buy energy ahead of the commencement of the new tariff. The customers were, however, disappointed, as they could not purchase the energy due to complaints of congestion and network hitches by the company. # NERC Yet to Give Directive ON Electricity Tariff Hike – IBEDC

    Nigerian Treasury Bills Yield Rises to 7%

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    Sterling Financial Bolsters Earnings, Grows Profit by 37% to N97.28bn

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