Tag: NERC

NERC Ratifies Fresh Increase in Electricity Tariff

5Jan

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Power

NERC Ratifies Fresh Increase in Electricity Tariff

The Nigerian Electricity Regulatory Commission, NERC, has ratified an increase in electricity tariff across the country, effective from January 1, 2021. This was contained in a directive issued on December 31, 2020, signed by NERCC chairman, Sanusi Garba. The regulatory commission disclosed that the new tariff will remain valid until the issuance of another minor review order or an extraordinary tariff review order by the commission, The Cable reports. It said the upward review was informed by factors such as Nigeria’s inflation rate, exchange rate, US rate of inflation, available generation capacity, gas price, MDA losses and capex adjustment. The NERC said, “This order supersedes ORDER/NERC/ 202B/2020 and shall take effect from January 1, 2021, and shall cease to have an effe...

Electricity Consumers to Get Refund for Meter Payment – NERC

The Nigerian Electricity Regulatory Commission has said that electricity consumers who already paid for meters under the Meter Asset Provider scheme will be refunded. This was contained in an emailed response to Punch, through the commission’s Head of Public Affairs, Mr Michael Faloseyi. The clarification followed the recent announcement by the Federal Government that six million meters would be distributed free of charge to consumers under the National Mass Metering Programme, MAP, prompting some consumers who already paid for meters to inquire if their money would be refunded. Customers initially had two options for obtaining meter under the MAP scheme, which took effect on May 1, 2019. They either made an upfront payment or paid in instalments through metering service charge on...

Tariff Hike Suspension: We Are Yet to be Informed – Discos

Following the agreement between the organised labour and Federal Government on suspension of electricity tariff hike for two weeks, power distribution companies on Monday said they are yet to receive official directive from the Nigerian Electricity Regulatory Commission (NERC) on the suspension. Investigation shows the discos are confused on the implication of the agreement between FG and labour unions as regards the suspension of the spike in electricity tariff. Executives of power distribution companies on Monday said they were expecting the NERC to inform them of a new tariff plan to be utilised within the two weeks as agreed by FG and organised labour pending substantive agreement. Reports say even though the Discos said they would require three to four days to change their bi...