The Electricity Distribution Companies, DISCOs, has warned that the country would be in darkness if the senate succeeds in reversing the new tariff system.
DISCOs while speaking through the Association of Nigerian Electricity Distributors, ANED, in Abuja, revealed that the tariff was meant to reflect the costs that they incurred in distributing power.
“Market-priced tariffs are fundamental requirements under the agreements signed between Disco operators in the Nigerian Electricity Supply Industry (NESI) and the Bureau for Public Enterprises (BPE), raising the concern over sanctity of contracts.
“The absence of a market-priced tariffs creates the possibility of performance failure by the operators. Such a failure will be at a price that the government can ill-afford in these times of dire economic challenges,” DISCOs said.
The body further stated that the reverse of the new tariff would affect the economic growth in country.
“Market-priced tariffs are critical to addressing decades of under-investment in the sector. Fellow Nigerians, suspending the implementation of the new tariffs will leave us in continuous darkness, with diminished and no future prospects of growth of our economy,” the body noted.
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