The Nigerian Electricity Regulatory Commission (NERC) says it is concluding the Extraordinary Tariff Review process for the 11 Electricity Distribution Companies (DisCos).
NERC, which is the regulator of Nigeria’s power sector, made this known on Monday in a notice to the general public and industry stakeholders posted on its website.
The commission said the review was pursuant to the provisions of the Electric Power Sector Reform Act (EPSRA).
According to NERC, extraordinary tariff reviews are carried out in instances where industry parameters have changed from those used in the operating tariffs to such an extent that a review is urgently required to maintain the viability of the industry.
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The power sector regulator made the disclosure on Monday in a notice to the general public.
The notice said the review was pursuant to the provisions of the Electric Power Sector Reform Act (EPSRA).
NERC explained that extraordinary tariff reviews are carried out in instances where industry parameters have changed from those used in the operating tariffs.
The commission said it would also commence the processes for the July 2021 Minor Review of the Multi-Year Tariff Order (MYTO-2020), which is done every six months.
NERC confirmed the reviews consider changes in inflation, foreign exchange, gas prices and available generation capacity.
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The authorities also announced a fine N5 million for breach of the broadcast code.
In a letter by National Broadcasting Commission (NBC), Acting Director-General, Armstrong Idachaba, complained about the Channels 7pm live broadcast programme of Sunday, April 25, 2021.
NBC told the Managing Director of Channels TV that the TV station erred by allowing a leader of the Indigenous People of Biafra (IPOB) to make secessionist and inciting declarations without caution.
The regulator accused the news channel of allowing the guest speaker to make derogatory, false and misleading statements about the Nigerian army, despite being proscribed by a court of law.
The
Nigerian Electricity Regulatory Commission (NERC) says it is concluding the Extraordinary Tariff Review process for the 11 Electricity Distribution Companies (DisCos).
NERC, which is the regulator of Nigeria’s power sector, made this known on Monday in a notice to the general public and industry stakeholders posted on its website.
The commission said the review was pursuant to the provisions of the Electric Power Sector Reform Act (EPSRA).
According to NERC, extraordinary tariff reviews are carried out in instances where industry parameters have changed from those used in the operating tariffs to such an extent that a review is urgently required to maintain the viability of the industry.