The 11 electricity Distribution Companies (DisCos) said they lost an average of N48 per kilowatt hour (KWH) of electricity due to the stoppage of a new tariff in the past 30 months.
A statement by the Association of Nigerian Electricity Distributors (ANED), yesterday, said the shortfall from the stalled tariff review by the Nigerian Electricity Regulatory Commission (NERC) driven by the Minister of Power, Works and Housing, Mr Babatunde Fashola, had impeded performance of the DisCos in a capital intensive power sector.
“Through the regulatory and policy actions that have been principally driven by the minister, the DisCos have been forced to sell their product which should retail for an average retail tariff that is more than N80/kWh, at an average retail price of N32/kWh,” the DisCos said.
Source: Daily Trust
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