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Sunday, June 26, 2022

NERC Dispels Speculations Over Electricity Tariff Hike

The Nigerian Electricity Regulatory Commission (NERC) has stated that tariff reviews do not always result in an increase in electricity rates.

AIHS 2022

On Tuesday, NERC issued a statement titled “Notice of Compliance in Respect of the Biannual Review of the Revenue Requirements of Licenses.”

End-users may be reduced in some tariff classes under the Multi Year Tariff Order, MYTO 2022, when the impact of greater efficiency in operational parameters for individual licensees surpassed the impact of changes in macroeconomic factors, NERC revealed.

The clarification comes in response to outrage over recent allegations of power distribution companies, or DisCos, hiking bills.

The commission notified that in compliance with the Electric Power Sector Reform Act, EPSRA, and other extant industry rules, it would commence the processes for the July 2022 minor review of the MYTO 2022 to consider changes in relevant macroeconomic indices, generation capacity and CAPEX required for evacuation and distribution of the available generation capacity in compliance with extant rules.


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