The Minister of Power, Adebayo Adelabu, has said that private entities will need up to N750 to generate one kilowatt-hour of electricity because of the high cost of petrol.
Adelabu said power generation will cost N950 per kilowatt-hour for those using diesel-powered engines. These, he argued, are more expensive than the N209/kWh being paid by Band A customers.
Speaking at a recent function in Lagos, the minister emphasised that though customers were kicking against the Band A tariff, they knew it was still cheaper compared to generating their own power with petrol or diesel.
Adelabu hinted that the increase in revenue of the power distribution companies was described as an additional burden on the customers by the media, saying it was just a reallocation of resources from fuel.
“I need to correct an impression. There’s a section of the media that says this revenue is an additional burden on the consumers. No, it is not. It is just a mere reallocation of resources from what they used to spend on petrol and diesel. Now they are paying to enjoy a good power supply,” he stated.
