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Daily Post Nigeria
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The Minister of Power, Sale Mamman has said that there is no plan to significantly raise Electricity Tariffs in country.
DAILY POST had reported that the Nigerian Electricity Regulatory Commission (NERC) had on April 26 announced it is concluding the Extraordinary Tariff Review process for the 11 Electricity Distribution Companies (DisCos).
He said the review was pursuant to the provisions of the Electric Power Sector Reform Act (EPSRA).
But, Mamman in a Twitter post on Saturday said instead of significant hike in electricity tariff, Nigerians should expect an increase in efficiency in the sector.
This, he said, will reduce tariffs while managing headwinds from foreign exchange and inflation.
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Electricity: Consumers, experts, others react as NERC plans new tariff review
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By Udeme Akpan & Ediri Ejoh
Consumers of electricity, experts, others, Tuesday, reacted as the Nigerian Electricity Regulatory Commission (NERC) plans a new tariff review in the nation.
In its notice issued April 26, 2021, NERC had stated: “Accordingly, this notice is issued to inform the general public and industry stakeholders of the Commission’s intention to conclude the Extraordinary Tariff Review process for the eleven DisCos, commence the processes for the July 2021 Minor Review of MYTO – 2020 to consider changes in inflation, foreign exchange, gas prices, available generation capacity, and CAPEX required to evacuate and distribute the said available generation capacity in accordance with EPSRA and other extant industry rules.
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.