QUESTION OF THE DAY: There are indications that consumers will pay more for electricity from December 1, 2014 when the new price of gas which is used for generating power takes effect. The Nigerian Electricity Regulatory Commission has announced that the $1 increase in gas price to power plants would become effective on December 1. The regulated price of gas for 2014 was $1.8 per million British thermal unit. Aside from the price of gas, NERC stated that other factors considered before undertaking the tariff review included inflation, foreign exchange rate and power generation capacity. As Nigerians prepare for the yuletide with looming hike in electricity charges, we ask the question: As an electricity consumer, do you think you deserve to pay more for the current power supplied to you?
Posted on: Mon, 01 Dec 2014 11:03:56 +0000
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