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ANED has no plan to increase electricity tarrif

On Wednesday 26th of October, the Association of Nigerian Electricity Distributors (ANED) said it had no plan to increase the current tariff being paid by consumers.

ANED Executive Director, Research and Advocacy, Mr Sunday Oduntan made this known over a phone interview with News Agency Of Nigeria

He said that the Distribution Companies (DISCOs) had not submitted any proposal to the Nigerian Electricity Regulatory Commission (NERC) on tariff increase. According to him;

“It is not true that we want to increase the tariff by 200 per cent because we do not have any right to 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 DISCOs,’’ said the ANED official, he also said that said that the business of electricity distribution were presently not bankable because no bank would lend DISCOs money with the huge deficits in their books.

Mr Sunday also 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.

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