Metro
DISCO set to increase electricity tariff
Against the ruling of Justice Mohammed Idris of the Federal High Court in Lagos, the Eko Electricity Distribution Company (EKEDC) on Saturday muted that it is set to effect an upward adjustment in electricity tariffs.
Justice Idris had on Thursday renewed an earlier order restraining the Nigerian Electricity Regulatory Commission from implementing the new electricity tariff.
But the Eko Electricity Distribution Company on Saturday urged electricity consumers to brace for upward adjustment in tariffs to partly meet reality of the prevailing economic situation.
Mr Oladele Amoda, EKEDC’s Chief Executive Officer, made the plea in Lagos at a stakeholders’ consultative forum to rub minds with the customers on the need to adjust electricity tariffs.
Currently, the company is charging N26 per kilowatts for a residential building.
NERC had proposed tariff increase effective from June 1, but the judge restrained NERC and the electricity distribution companies from making any increment in electricity tariff.
Idris gave the order in a ruling on an ex-parte application filed by a Lagos lawyer, Toluwani Adebiyi, against increase in electricity tariff.
But EKEDC chief said, “There is no way we can have stable power supply without adjusting our tariffs, because currently, we are running at a loss.
“Except Federal Government stabilises the prices of gas and other things like importation, that is the only way the tariff adjustment can be stopped”.
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