Nigeria s NERC approves tariff review applications, Capex for DisCos
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FG: Proposed Electricity Tariff Hike Won t be Significant
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Energy
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.
While the customer base has improved to over 10 million, according to enumeration records submitted to the Nigerian Electricity Regulatory Commission (NERC), power outages, rationing and low voltage are still prevalent among consumers.
Analysis of revenue collection by the DisCos in 2019 shows that they improved the Nigerian Electricity Supply Industry (NESI) yearly collection by N39 billion, reaching a total of N485 billion, with a collection efficiency of 69 per cent.
According to revenue records released by the Association of Nigerian Electricity Distributors (ANED), by the first quarter of 2020, DisCos had realised N127bn, which was over 10 per cent improvement than their quarterly collection of 2019.