By May, it approved the PIPs for the DisCos and is expected to approve the minor tariff review of the MYTO effective today, July 1.
Earlier in April, the Minister of Power, Engr. Sale Mamman, in a statement, confirmed that the tariff increase would be slight to maange headwinds from inflation and the rising foreign exchange.
Mamman explained that the order issued by the Nigerian Electricity Regulatory Commission (NERC) on the April 26, 2021 announcing tariff reviews, was a routine procedure for the Multi-Year Tariff Order (MYTO) done every six months.
“The tariff for customers on service bands D & E (customers being served less than an average of 12hrs of supply per day over a period of one month) remains subsidized in line with the policy direction of the federal government,” said Mamman.
NERC approves new tariff review applications, Capex for DISCOs
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By Chris Ochayi – Abuja
The Nigeria Electricity Regulatory Commission, NERC, has approved new Extraordinary Tariff Review applications, Performance Improvement Plan, PIP, and Capital Expenditure, CAPEX, for electricity Distribution Companies, DIcOs effective from July 1st, 2021 till 30th June 2026.
This was contrary to the earlier position of the Minister of Power, Engr. Sale Mamman, who at the weekend allayed consumers’ fear there will be no significant tariff increase.
However the NERC orders issued Sunday to the different DISCOs, were about applications for extraordinary tariff review, Performance Improvement Plans, and capital expenditure for the next five years, beginning from 1st July this year.
Only a little over a week ago, the Special Adviser to the President on Infrastructure, Mr Ahmad Rufai Zakari faulted the report of the World Bank on the state of the Nigerian Power Sector. Mr Zakari, speaking on behalf of the Federal Government (FG) had referred to the Power Sector Recovery Programme Opinion Research Fact Sheet released by the World Bank as inaccurate.
According to the report,
“78% of Nigerians have less than 12 hours daily access of power supply and up to 58% of electricity consumers are unmetered.” The vehement defence by the FG did not also do much to provide reliable data to debunk the World Bank’s numbers. This gaffe, added to the recent power supply statistics in the country make it difficult for the FG’s rejoinder to be believed.
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The Nigerian Electricity Regulatory Agency (NERC) has said from July it would again review, nay increase electricity tariffs across board in the country. This is as the quality and stability of supply continues to dwindle by the day. Like in the past, it’s almost a done deal, unless President Muhammadu Buhari steps in or declines to approve the hike. Emmanuel Addeh writes that despite such exercises in the past, Nigerians who have always been at the receiving end, have not experienced commensurate value from the sector.
Again, the Nigerian Electricity Regulatory Agency (NERC), which now appears to be seen or heard only when plans are underway to embark on reviews, as if that’s its only statutory function, has announced that Nigerians may pay more for the elusive power supply a few months from now.