Nigerians To Pay More For Electricity As New Gas Price Takes Effect December 1

Nigerians are likely to pay more for electricity when the new gas price recently approved by the Nigerian Electricity Regulatory Commission, NERC, for power generation takes effect December 1, just a little more than week away.
NERC said on Thursday in Abuja that the review of the regulated price of $1.8 per Million British Thermal Unit (MBTU) for natural gas in 2014 to power plants would definitely take off on December 1.
The vice chairman of the electricity regulatory authority, Mohammed Bello, said that the upward review of electricity tariffs was inevitable despite the continued poor electricity supply in the country.
Mr. Bello said apart from gas price, NERC took into consideration other factors such as inflation, foreign exchange rate and power generation capacity, before approving the recent tariff review.
He described tariffs review as a sensitive issue to electricity consumers, who are always opposed to any tariffs increment without improvement in electricity supply.

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