The National Electricity Regulatory Commission (NERC) of Nigeria, has been called upon by the Lagos Chamber of Commerce and Industry (LCCI) to tackle the outrageous bills sent to customers. The LCCI has also requested a review of the concept of fixed charges.
LCCI President, Alhaji Remi Bello expressed his concern for NERC to urgently address the problem as businesses are spending a significant amount for public power supply, which often does not equate to what they paid for.
“The power situation is still a major problem for business across all sectors. Energy cost remains a major threat to business sustainability. Expenditure on diesel and other fuels continued to increase. The power sector privatisation is yet to make the desired impact. Profit margins of firms have been adversely affected. Let me again reiterate our position that the concept of fixed charges should be reviewed as this is an unfair demand on power consumers. Payments should be value driven to be equitable” he said.