The Nigerian Electricity Regulatory Commission (NERC) says
it will introduce another tariff review for the 11 distribution companies
(DisCos) in the country.
In a notice posted on its website on Monday, the NERC said
the extraordinary tariff review is as a result of changes in inflation, foreign
exchange, gas prices, available generation capacity and capital expenditure.
The commission stated that the review is expected to begin
in July.
“The MYTO provides for Minor Reviews (every 6 Months), Major Reviews (every 5 years), and Extraordinary Tariff Reviews 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,” NERC said.
“Further to the above, the Commission held series of Public
Hearings and stakeholder consultations in the first quarter of 2020 on the
Extraordinary Tariff Review Applications of the eleven (11) electricity
distribution companies (“DisCos”) to consider their respective 5-year
Performance Improvement Plans (“PIPs”).
“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.
“This notice is hereby issued in compliance with the
provisions of EPSRA, the Business Rules of the Commission and the Regulations
on Procedures for Electricity Tariff Reviews in the Nigerian Electricity Supply
Industry to solicit for comments from the general public on the proposed
reviews.
“Stakeholders and the general public are invited to send
their comments to the Commission within 21 days from the date of this
publication.”
In November 2020, DisCos began implementation of a
service-based reflective tariff (SRT) structure nationwide after receiving
approval from President Muhammadu Buhari.
A month after, the NERC approved an increase in electricity
tariff across the country beginning from January 1 — with the exception of
customers who are being served less than an average of 12 hours per day in a
given month.
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