By John Egbokhan
TheFederal Government has said that it is planning to regularise electricity tariffs.
This is in order to address disparities in the present billing system and boost investment in the electricity sector.
Minister of Power, Adebayo Adelabu, disclosed this while speaking at the public presentation of the National Integrated Electricity Policy and Nigeria Integrated Resource Plan on Thursday in the Federal Capital Territory Abuja.
At the moment, consumers on Band B enjoy 18 to 17 hours of electricity supply and pay N63 per kilowatt an hour.
Consumers in Band A, with two hours more of supply, are charged N209 per kilowatt-hour.
Adelabu said this billing system was “unfair” and stated that there will be a more balanced and equitable pricing system.
“We will look at the tariff again. I am not saying that we’re going to increase the tariff before I am misquoted.
“We are going to look at it and see how we can improve upon our modest achievement of last year, not only to ensure that we grow the sector that we need but also to ensure that we can invest more in revamping all these dilapidated infrastructures.
“The gap between the Band A tariffs and Bands B, C, D, and E is just too wide.
“We believe it’s not fair. It is not just, and we must be able to carry out some level of regularisation.”
