No Plan To Increase Electricity Tariff – ANED

The Association of
Nigerian Electricity Distributors (ANED), says it has no plan to increase the current tariff being paid by consumers.
Executive Director of Research and Advocacy, ANED, Mr. Sunday Oduntan, disclosed this to newsmen in Lagos recently.
He said the Distribution Companies (DISCOs) have not submitted any proposal to the Nigerian Electricity Regulatory Commission (NERC) on tariff increase.
“It is not true that we want to increase tariff by 200 per cent because we do not have any right do so.
“When you talk about tariff review or increase, it is the responsibility of a regulator, and that work belongs to NERC.
“We should understand how the system works because it is the work of the regulator to decide whether there should be tariff review and not the DISCO’s”, said the ANED official.
He urged the National Assembly to reconsider the stoppage of the bond provided by government in order to address the liquidity challenge facing the power sector.
“We are not asking for subsidy but that government should step in and provide a bond”, he said.
Oduntan said the business of electricity distribution is presently not bankable because no ban would lend DISCOs money with the huge deficits in their books.