The Eko Electricity Distribution Company has assured customers in its zone of stable electricity supply from July.
Oladele Amoda, the chief executive officer of the company, gave the assurance at a stakeholders meeting organised by the company in Lagos on Tuesday.
Mr. Amoda said that the essence of the meeting was to brief customers on the new tariff regime scheduled to begin on June 1 and the plans to improve electricity supply to the zone.
“The tariff review will benefit Nigerian masses and small scale entrepreneurs most,” Mr Amoda said. “The review is to attract investors to the sector as most consumers do
not pay what is commensurate to what they consume. This shortfall has led to the inability of PHCN to pay for gas used to fire most of the plants across the country.”
He claimed that PHCN owes gas companies about N40 billion. Mr. Amoda said that all electricity consumers would have meters within 18 months and consumers without meters would be billed using a “designed methodology” to prevent overbilling.
“The ultimate goal is to have all consumers metered within 18 months from now,” he said. “All rural dwellers and urban poor who consumed about 50kw per hour in a month or below will end up paying less in the new tariff regime.”