Cancellation of Monthly Bill will Have Negative Effect . NERC

The chairman of the commission, Dr Sam Amadi, explained yesterday that doing so would have far reaching negative implications on the Nigeria Electricity Supply Industry (NESI).

This follows a directive by the Senate to the regulatory agency to abolish the fixed charges compulsorily paid by electricity consumers, describing it as arbitrary.

He explained that “the cost is not just arbitrary, it is tied towards recovering some critical aspects of financing power generation at this stage which ordinarily, without the fixed charge, they won’t recover. It is to enable them pay for those costs that are already sunk.

Culled from the Leadership