EFFECT OF INCREASE IN ELECTRICITY TARRIF ON HOUSEHOLD RENT

This project examine the effect of increase in electricity tariff on household rent, using a case study of Olunlade Ilorin Kwara State, with the use of primary source of data, which is questionnaire, with the sample frame of (112) households which are also the respondents. This study identifies factors causing frequent review in electricity tariff factors such as cost of electricity production, inflation rate, increase demand, naira depreciation among others, second objective of this study determine various parameters use in measuring electricity tariff price of household across the world as analyzed in the literature review of this study and the last objective which establish the effect of increase in electricity cost on household effect such as increasing of monthly bills, looking for alternative energy source, increasing social pressure among others. The findings of this study affirm that increase in the cost of electricity affect finance and payment of rent. The study revealed that rising energy costs may influence housing demand patterns individuals and families seek more energy-efficient accommodations to mitigate high utility bills. This shift in demand towards energy-efficient housing options can affect market dynamics and shape the types of properties in demand. This study therefore concluded that rising in electricity cost on household rent case study of Ilorin metropolis. Based on the findings of this study it is recommended that the government should address all the factors that is contributing towards frequent increase in price of electricity, the Nigerian Electricity Regulatory Commission (NERC) should give a marching order to Nigeria electricity distribution companies provide meters to all unmetered consumers. This will ensure fairness in unit consumption unlike estimated bills, the government should fully subsidize power sector. Thus, calling for an increase the price of electricity should be abolish in order to ameliorate the untold hardship facing by many household.