PHCN and their Investors wants to make N 1Billion every month for practically doing nothing. My God!!!

PHCN and their new investors have increased the Fixed charge for Pre-paid meters from N 225 to N 500 and now N750. We are told the target is N 1000 monthly.

What this means is that, PHCN and the New investors, can go to bed, do nothing and still collect 1 Billion Naira every month from 1 Million subscribers of Pre-paid meters.  My God!!!
How can this be happening?

Wasn't the essence of the pre-paid meters to unsure PHCN make electricity available and when it's not available, we don't pay as against the past when we usually paid NEPA for not giving Light?. 

With this introduction of High Fixed Charges, why would a company be willing to provide regular electricity when they are guaranteed a sum of no less than N 1 Billion every month whether they work or not. Would you work if you are guaranteed N 1 Billion to do nothing?

I just don't understand the formulation of laws in this country. Its such a shame what corruption has turned our politicians into monsters with no heart.

This has to stopped.
Its like GSM companies charging us N 750 for just owning an Handset. We are been charged N 750 for owning a meter and yet we still pay electricity rates. Its wrong. By the way, I bought that meter, PHCN didn't dash me.

PHCN and their New Investors have become like the NEPA of old and possibly worst if this is not checked. Ever since this new fixed charges began, electricity has dropped in my area. NOT SURPRISED!!!