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Saturday, May 8, 2021
Home Midstream Gas/Power Fresh electricity tariff hike looms in Nigeria as NERC concludes review

Fresh electricity tariff hike looms in Nigeria as NERC concludes review

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.

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 said the reviews would put into consideration changes in inflation, foreign exchange, gas prices and available generation capacity.

 

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