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The suppliers could be mandated to make this move within six months and to maintain such customers on a similarly priced fixed tariff for at least four further years.
While the gap is small or non-existent in most cases between the SVT and the most expensive fixed tariff, the big six do offer cheaper fixes to lure in new customers.
Furthermore, willingness-to-pay for in-house connection was elicited as ₦367.00 ($1.20), lower than monthly flat fixed tariff set by KNSWB.
A nationally fixed tariff (Groupe Homogène de Séjours, GHS, Homogeneous Group of Stays) is applied to each GHM [ 6].
Yorkshire Energy has the cheapest fixed tariff – Green Turtle – fixed until 30 November 2019 at just under £1,000 a year for average gas and electricity usage.
Comparing the average fixed tariff set by KNSWB of ₦20 or $0.07/m3 for domestic supply (Parkman 2000) with ₦560 or 1.84/m3 in rainy season and ₦800 or $2.62/m3 in dry season, it implied that the price of vended water is almost 28 and 40 times that of a household pipe-water connection during dry season and rainy season, respectively.
Similar(27)
Typically, capped or fixed tariffs, which involve being fixed at a set rate for a certain period of time, are not the most competitive tariff type because companies want to safeguard against wholesale price increases.
Providers with fixed-price tariffs coming to an end in November and December include five of the big six suppliers – Scottish Power, SSE, npower, EDF and British Gas – as well as smaller suppliers GnERGY, Spark Energy, and Extra Energy, which alone has 25 fixed tariffs ending soon.
Iran and Algeria set fixed tariffs for annual use, while it differs from day-peak times and loads.
Two years ago four of the big six firms offered fixed tariffs less than 10% more expensive than the market's cheapest.
Only direct health-care expenses, reflected by the official, nationally fixed, tariffs were included.
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