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New power policy’ll raise tariff by 14% – Discos
The Eligible Customer policy introduced by the Federal Government in the power sector will lead to a 14 per cent increase in the electricity tariff payable by residential consumers across the country, power distribution companies have said.He explained that the policy was to enable heavy consumers using at least two megawatts of electricity to invest in the provision of the equipment and take power directly from generating companies that had the power.Fashola, who observed that power distributors initially resisted the policy, said they later reluctantly endorsed it.Read More…]