Electricity Tariff May Rise As FG Raises Gas Price For GenCos
The federal government yesterday bowed to pressure from gas producers and announced an increase in the wholesale price of gas-to-power generating companies
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The federal government yesterday bowed to pressure from gas producers and announced an increase in the wholesale price of gas-to-power generating companies
The Nigerian government has announced an increase in the wholesale price of gas to power plants by 11 per cent. This means an increment to $2.42 per
“The Petroleum Industry Act (PIA) 2021 assented to by the President on the 16th of August 2021 and gazetted on the 27th of August 2021 provides a clear regulatory framework for the determination of a market-based pricing regime for the domestic gas market in Nigeria,” Mr Ahmed said.
The federal government has announced an increase in the wholesale price of gas to power plants by 11 per cent from $2.18 per MMBTU (Million British Thermal
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