News The African Way

Nigeria: Kaduna Electricity Company Assures Customers Of Fair Tariff

By Longtong Ibrahim

Kaduna (Nigeria) – The Managing Director of Kaduna Electric, the operator of Kaduna Electricity Distribution Company, Garba Haruna, has assured customers of the Company of transparent and fair business practice, just as the Company begins preparation for the implementation of the new tariff order recently approved by the Nigerian Electricity Regulatory Commission.

Statement by the Head, Corporate Communications of the Company Abdulazeez Abdullahi explained that the new tariff represents the “fairest and near-perfect” tariff regime to all stakeholders.

It stated that the new tariff regime gives the end customers a very fair electricity tariff giving the present economic reality, noting that, the tariff was a “product of a deep and painstaking study of the current socio-economic situation of the country and a very conservative look-ahead of the expected changes in macro-economic indices such as rate of inflation, exchange rate, gas price and generation capacity”.

It also noted that the tariff approved for each distribution Company comprises the estimated share of power costs, share of transmission cost, institutional charges and distribution/retail cost.

“The new tariff regime is not only about upward review of electricity tariff, but it aims at establishing a fair and cost reflective tariff for the entire industry. In fact, with the much expected efficiency in the industry, the tariff will take a downward trend in the fourth year”.

The MD also assured electricity users in the Company’s operational territory of their commitments to adequate investment in the area of network expansion and development, provision of pre-paid meters, replacement of weak and absolute equipment and improvement of the ICT facilities as required in the service level agreement with the regulatory body.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More