8.1 C
London
Monday, April 22, 2024
HomeEconomyFCCPC reacts to complaints of inability to purchase electricity units

FCCPC reacts to complaints of inability to purchase electricity units

Date:

Related stories

Nigeria To Attract Foreign Savings With New Diaspora Bond, Says Edun

By Goodluck B Ikiebe As the World Bank-IMF Spring Meetings...

Blackout : Nigeria’s National Grid Collapses Again Plunging The Nation Into Darkness

By Goodluck B Ikiebe Nigeria’s national electricity grid collapsed early...

UNIDO, EU Partner Nigeria To Strengthen Hydro Power Development In States

By Oluwabunmi Stephen The United Nations Industrial Developmental Organisation (UNIDO)...

Nigeria’s Apex Bank Unfolds New Capital Base of N500b For Banks, Sets Deadline

By Goodluck B Ikiebe The Central Bank of Nigeria (CBN)...
spot_imgspot_img

The Federal Competition and Consumer Protection Commission, FCCPC, has reacted to consumer complaints under the Ikeja Electricity Distribution’s franchise of inability to purchase units amid concerns of a purported tariff hike.

Babatunde Irukera, the Executive Vice-Chairman of FCCPC, disclosed this on Friday in a statement.

The Commission assured consumers that it had engaged the Nigerian Electricity Regulatory Commission and IKEDC to resolve the complaints.

According to FCCPC, the inability to vend on IKEDC’s franchise area is not unconnected to the traffic caused by the holidays and an attempt by consumers to invade any perceived change in tariffs purportedly on July 1, 2023.

The Commission added that it would not hesitate to investigate to the fullest any attempt to deny citizens essential utility.

“The Federal Competition and Consumer Protection Commission (FCCPC) has received several complaints from electricity consumers in the Ikeja Electricity Distribution Company (IKEDC) franchise area. These complaints concern their inability to purchase electricity tokens or units for their prepaid meters over a recent extended period.

“The Commission has engaged with the Nigerian Electricity Regulatory Commission (NERC) and IKEDC to resolve these complaints and any associated difficulties with vending or purchasing tokens.

“The Commission understands that the difficulties arose in part because the past days have been public holidays, and vending agents were inundated with significant purchases over usual vending and purchase, as a result of consumers seeking to make larger than usual purchases to pre-empt any perceived change in tariffs purportedly on July 1, 2023, as has been rumoured, perceived or represented publicly.

“The situation is now under control, and IKEDC represented to the Commission that any vending constraints are unassociated with any presumptive changes in tariff.

“IKEDC has committed to continuing to conduct its business, including vending tokens following prevailing law and tariff of the time of vending.

“The Commission noted to IKEDC and now reiterates to other Discos that restricting or constricting supply or vending in a manner that prevents or impedes purchases or consumption at consumer discretion in anticipation of any changes in prevailing fiscal regimes constitutes an infringement of the Federal Competition and Consumer Protection Act, 2018 (FCCPA) and is impermissibly oppressive. Sections 17(g), (x) and 125 of the FCCPA prohibits immoral, obnoxious, unfair, unscrupulous business practices and unfair tactics in the course of legitimate business.

“The Commission will enforce the law to the fullest extent of the same, especially when the conduct is to deny citizens access to an essential utility except under the operation of law.

Global News Network Correspondent
Global News Network Correspondenthttps://globalnewsnetwork.com.ng
GNN is a News blog based in Nigeria to educate, inform and Analyse issues of interest like Politics, Health, Solid Minerals, Energy and Power, Transportation, Defence and Security, Sports and Entertainment to our teeming audience. Stories are generated by seasoned veteran Editors and Journalists. We Say It As It Is.

Latest stories

spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here