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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.
Electricity Tariff Hike Looms As NERC Seeks To Conclude Extraordinary Review – Channels Television channelstv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelstv.com Daily Mail and Mail on Sunday newspapers.
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Heads of security agencies have held an emergency meeting in Port Harcourt after gunmen killed five soldiers in the Abua-Odual Local government area of Rivers State in a fresh attack.
The meeting which was called at the behest of the Commissioner of Police, CP Friday Eboka held after armed men killed eight security officials along the Port Harcourt Owerri road.
On the incident in Abua, a source said the attack happened around 11pm on Sunday where the gunmen ambushed the soldiers on their way to their hotel at Omelema.
“We were in the village when we heard that something had happened at Omelema. The soldiers were working for an oil servicing company and they took their weapons away. The CSO of the company escaped with bullet wounds and is currently in the hospital”, the source said.