Reps ask FG to suspend planned electricity tariff

<p>The resolution was passed sequel to the adoption of a motion sponsored by the Deputy Minority Leader, Hon. Aliyu Sani Madaki.</p>, <p>In his lead debate, Hon. Madaki observed that recently, Distribution Companies (DISCOS) alerted customers of a planned electricity tariff hike hinged on the Multi-Year Tariff Oder (MYTO).</p>, <p>“The House also notes that the circular issued by DISCOS stated that effective July 1, 2023, there would be an upward review of the electricity tariff influenced by fluctuating rates.</p>, <p>“The House is aware that under the MYTO, 2022 guidelines, the previous exchange rate of N 441/$1 may be revised to approximately N750/$1 which would have an impact on the tariffs associated with electricity consumption.</p>, <p>“The House is also aware that under the planned hike, consumers within ‘B’ and ‘C’ with supply hours ranging from 12–16 hours per day will pay N100 per KWh, while Bands ‘A’ with 20 hours and above and ‘B’ with 16–20 hours, would experience comparatively higher tariffs, that is, for customers with a prepaid</p>, <p>metre, whereas, for those on post-rand (estimated) billing, a significant increment is expected to be higher.</p>, <p>“The House is concerned about the widespread apprehension in the country over the planned introduction of a new electricity tariff regime by the Distribution Companies (DISCOS).</p>, <p>“The House is also concerned that the recent statement by the Abuja Electricity Distribution Company (AEDC) directing its Consumers to disregard the earlier notice of the increase in the electricity tariffs hike is confusing as members of the public are confused as to what to believe.</p>, <p>“The House is further concerned that the proposed increase is coming despite the inability of the operators to meet</p>, <p>the threshold of supplying at least 5,000 megawatts per year after signing the contract with the National Electricity Regulatory Commission (NERC).</p>, <p>“The House believes that it is most inappropriate and insensitive to come up with a price increase of