DisCos to Pay Full Invoices with New Tariffs – Wonodi

Wonodi-3 (1)

The Managing Director of the Nigerian Bulk Electricity Trading (NBET) Plc, Mr. Rumundaka Wonodi has said that with the new tariffs that took effect from February 1, 2016, the electricity distribution companies in the country would henecforth be able to pay their full invoices, ThisDay reports.

He stated that inadequate metering, non-payment by consumers and poor collection had made it difficult for the discos to meet their obligations to the other members of the value chain but that from March, the remittance of the distribution companies to the other members of the value chain would improve significantly.

“They (discos) are not paying their full invoices…we hope that with this new adjustment in tariffs, they should be able to pay their bills. I believe that all these are being addressed by this whole idea of this new tariff,” he said.

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