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Letter to Citizen Buba: Dousing Reaction to Electricity Pricing (2)

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Buba, it is essential for you to recognise that the MYTO, on introduction, came along with government’s subsidy on rates for the lowest segment (socio-economically) of consumers, the Residents 1 (R1) category. As “subsidy no go last forever”, this will be removed by mid 2014, having given sufficient room for people’s adjustment to what private sector driven electricity market brings. The Nigerian Electricity Regulatory Commission or NERC is straddled with the responsibility of determining what is payable as bill by electricity customers, not these privately operated electric power distribution companies or Distribution Network Operators (DNOs). Tariffs from the MYTO are […]

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