Mohammed Shosanya
15 September 2005
The Power Holding Company of Nigeria [PHCN], has hinted of a possible increase in electricity tariff between October and November this year, even as it assured of stable power supply in the country.
Engineer Joseph Makoju, the managing director of the power company who gave this hint in Lagos yesterday in a paper he presented at the Eko Power Distribution Zone's stakeholder forum titled "Power Sector Reforms in Nigeria: The Journey So Far", said the tariff review is expected to be done through the use of Multi Tariff Order[MYTO] application.
According to him, under the application, non maximum demand [residential] customers will have their tariffs increased by a margin of 17 percent while maximum demand [industrial] customers' tariffs will rise by five percent.
The increase, he said, would stay until the period PHCN stops subsidy on consumer's tariffs nationwide.
Engineer Makoju who was five years old as managing director of the company on Monday, further explained that the MYTO application will bring about efficient and transparent pricing, removal of subsidies, simplicity in application and engender predictable costs.
He expressed optimism that the ongoing reforms in the PHCN is a revolutionary one that would turn around the fortunes of the company and the generality of Nigerians. He however said despite the reforms, the company is still beset with dearth of resources, adding that they have worked towards restoring customers confidence especially those with peculiar needs by giving them electricity supply at higher voltages-33KV,132KV, ensuring more stable supply during their operating hours, increasing outlets for payment of bills, making access to information and service easier for customers through the establishment of more service customer care centres and intensifying staff orientation through workshops, road shows, retreats and publications against corruption and attitudinal change.
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