Developing Telecoms’ Post

Nigeria’s Telecom Giants Seek 100% Tariff Hike Amid Soaring Costs Nigerian telecommunications operators have submitted a proposal to double service tariffs, citing mounting operational pressures. The request, which is currently under review by the Nigerian Communications Commission (NCC), underscores the financial strain on the industry due to inflation, volatile exchange rates, and escalating energy costs. Read more👇 #Nigeriantelecommunicationsoperators #Ncc https://lnkd.in/dDCsK_AV

#Transnet gears up to allocate first #rail slots to private operators. The move aims to increase yearly capacity, improve #infrastructure, and inject fresh ideas into the sector. Full details on routes, tariffs, and bidding process! #SouthAfricaTransport 💼🚂 https://lnkd.in/dHdw9wpt

GTS operators of Southeast European countries must establish attractive and competitive conditions for gas transportation from the said region to Central Europe — and do so already in 2024. Such a step will help load the GTS capacities and allow for the full integration into the European market, Andrii Prokofiev, Head of the GTSOU’s Division of Cooperation with Clients, emphasized during his speech at the “De la monopol la pija liberă” (“From monopoly to the free market”) business forum held in Chisinau, Republic of Moldova. “Moldova’s gas transmission system was particularly built for the transit of gas to Southeast European countries and Turkey, and now its capacities are only used for the needs of domestic consumers. At the same time, the operator bears significant costs for maintaining the system’s capacities, which results in high tariffs for consumers. In order to get out of this trap, Moldova needs to create attractive conditions and introduce competitive tariffs. This will help load the GTS capacities and truly integrate Moldova’s gas market into the European one,” Andriy Prokofiev stressed. Moldova is actively implementing changes in its gas market. Among other things, market liberalization and the suppliers’ expanded access thereto will be launched in 2025. According to Prokofiev, Ukraine has already undergone these processes and one of its most important lessons learned has been the need to establish an accessible, comfortable and understandable environment for as many participants as possible. Let it be reminded that within the framework of the “Vertical Corridor” initiative, GTSOU, together with the GTS operators of Romania and Moldova, are set to hold auctions for the new (increased) capacity on July 1, 2024. #gas #transportation

#EU and #Moldovan gas traders have lashed out at the local gas grid operator, #VMTG for asking them to pay higher tariffs for capacity booked after a major tariff hike. More than ten European companies and several Moldovan suppliers had booked monthly and quarterly cross-border capacity prior to the increase which came in force on 1 Septembers, traders say. They say they haven’t even been given a month’s warning and now have to pay the difference between the old and the new tariff. Traders say the rise will wipe out transit via Moldova to #Ukraine, block Moldova from sourcing alternative gas supplies in southern #Europe and burden Moldovan consumers with even higher gas bills. They say VMTG, a company majority owned by #Romania's TRANSGAZ SA, has already requested two tariff increases in just over a year despite the fact that they have not made any recent investments and that the assets they operate have long been amortised. Market sources say they had opposed the increase but the requests were not taken in consideration. Since VMTG asked for the first tariff increase, the utilisation rate of the reverse transit route dropped from 83% to 10%. The latest increase will likely wipe out the remaining transit, according to a letter sent by Gas TSO of Ukraine and seen by ICIS. The latest tariff increases make Moldova the most expensive country in the region, and possibly in Europe, and will put it at a disadvantage to other transit routes, including the Solidarity Corridor which Transgaz has been pursuing in recent months. Transgaz had been promoting a south-to-west corridor but failed to attract long-term binding interest at a recent incremental capacity auction. Transgaz, VMTG and ANRE did not reply to questions from ICIS by publication. https://lnkd.in/e-gzi4kg

The booming U.S. solar sector confronts increased costs due to new tariffs and antidumping duties on imports. #USASolar #Tariffs #RenewableEnergy #SolarMarket #Usa #solar

The Association of Telecommunications Companies of Nigeria (ATCON) has reiterated its plea to the telecommunications industry regulators to consider increasing call tariffs. https://lnkd.in/eVGEmCSq #ATCON

The federal government has made a big move by canceling contracts with several Independent Power Producers (#IPPs) to cut electricity tariffs and save consumers around Rs60 billion per year. This decision was made during the federal cabinet meeting presided over by the Prime Minister Shehbaz Sharif. The government expects the total savings to be Rs411 billion, to the consumers and the #national treasury. The initial phase of this plan involves ending contracts with five major IPPs: The Hub Power Company Limited (HUBCO), Lalpir & Pakgen Power Limited, Saba Power Company, Rousch (Pakistan) Power Limited and Atlas Power Limited. Notably, the government will not pay any extra amount for the outstanding balance, thus enhancing the #financial effect of the decision. Prime Minister Sharif also appreciated the willingness of the IPPs to voluntarily relinquish their contracts because it is in the best interest of the public. He also stated that this is not the only measure to reform the #energy sector of Pakistan but it is aimed at bringing down the power tariffs and making it affordable for the people. In the future, the government intends to launch more reforms to further reduce #electricity tariffs and enhance the performance of the energy sector. #DigitalPakistan #TechUpdate

The NCC has approved a 40% tariff increase for mobile network operators in Nigeria starting January 2025 Over the years, Telecom operators have pushed for tariff hikes The tariff hike aims to address rising operational costs but raises concerns about affordability

On May 29th, this administration would have spent exactly one year in office. As the norm is, every administration comes with their unique economic policies. The BIG question is how have these policies impacted us all! From fuel subsidy removal to floating naira,coastal road project, Let's talk high interest rates, electricity tariffs, and the increase in import duties. Don't miss out on this conversation! Adewale Onagbesan will be joining me live on Financial matters to give perspective to this issues #EconomicPolicies #FuelSubsidy #Inflation #CoastalRoad #ElectricityTariff #ImportDuties"

Ukraine has announced that gas storage tariffs will remain at their current rates until the first quarter of 2025. This decision provides stability for the industry and ensures predictable costs for consumers. This move is aimed at maintaining a favorable environment for gas storage and supports the country's energy security objectives. #UkraineEnergy #GasStorageTariffs