Respite for Nigerians as the Federal government has directed electricity companies in Nigerians to begin to charge in hours.
It remains to be seen how this can be done, but the government is optimistic that it will help to reduce the burden of rising energy expenses.
In 2013, the power holding company was unbounded to 11 DisCos which includes Abuja and Ikeja Electricity Distribution Company.
The Federal Competition and Consumer Protection Commission (FCCPC) has warned Electricity Distribution Companies (DisCos) to bill consumers per hour amid a shortage of power supply in the country.
This is coming a few days after DisCos announced a record revenue of N757 billion in 2021 from N516 billion paid in 2020.
In a statement released on its Twitter on Tuesday, FCCPC told DisCos to be mindful of their commitments and respect consumers’ rights, as complaints piled up against the private companies operating the distributing companies.
Electricity Distribution Companies, Nigerians per hour
High voltage transformer Credit: George Osodi/Bloomberg via Getty Images
According to the Nigerian Electricity Regulatory Commission (NERC) in December 2021, the regulator said complaints against the DisCos rose to 478,415 in the first six months of last year.
With the national grid already collapsed twice this year, the power supply has been erratic. And the FCCPC took to the microblogging site to remind the DisCos of “Electricity Consumer Right.”
The statement reads:
‘’During this period of severe electricity shortages and palpable customer dissatisfaction, DisCos must be mindful of their commitments and respect consumers’ rights.
“Customers shall be billed according to the hours of electricity supplied (approved band classification). You have a right to contest the tariff band classification you have been assigned.”
It also instructed the DisCos that the meter must be installed within ten days after payment for it.
“Payment for meters shall not be made if meters are not available. The Meter Asset Provider (MAP) shall install the meter at the premises of the customer within 10 working days of payment”,
Nigerian government announces over N225bn revenue from electricity export
Legit.ng in another report revealed that the Nigerian government made over N225 billion from electricity export to neighbouring countries.
The Central Bank of Nigeria provided the data while noting that the payment for 2021 was a decline when compared to the previous year
Niger, Benin, and the Togo Republic are the three major countries that bought electricity from the federal government