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Must Read – NERC Deliberately Delay Electricity Tariff Review For The Forth Time - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Must Read – NERC Deliberately Delay Electricity Tariff Review For The Forth Time (289 Views)

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Must Read – NERC Deliberately Delay Electricity Tariff Review For The Forth Time by 24hoursreporter: 1:06pm On Oct 18, 2017
It is a known fact that Nigeria government is good at making fantastic plans but implementation has always been the problem. This is coming as the Multi-year Tarrif Order (MYTO) implementation framework for electricity pricing has been delayed again for the fourth minor review. This review was supposed to occur once in six months.

Daily Trust reports that the tariff which should now be at an average of N51 per kilowatt hour (kWh) is still at N31.8 as the implementation of the reviews suffers delays.

The sector regulator – the Nigerian Electricity Regulatory Commission (NERC) – had pegged the N31/kwh in the MYTO 2015 based on some macroeconomic indices including inflation, foreign exchange rates and power generation outputs among others. The tariff was signed on December 18, 2015, and implemented on February 1, 2016.

It should have been reviewed with the outcome implemented by July 2016, with the fourth outcome to be implemented by January 2018. However, last weekend, an official of NERC explained the implementation delays which should be at an average N51 per kWh, if it had been implemented following the steep rise in macroeconomic indices.

Some officials of the electricity Distribution Companies’ (DisCos) section of the sector value chain, at a consultation by NERC in September, were concerned about their inputs submission for at least two MYTO reviews as they have not seen any result

check 24hoursreporter for full the full story.
Re: Must Read – NERC Deliberately Delay Electricity Tariff Review For The Forth Time by BLINGZ88: 1:24pm On Oct 18, 2017
I always knew that #30/kWh is not sustainable, they should even push it to #60 so far the light is on constantly. the average Nigerian uses 2kwh a day. I don't think people will have much problem with paying #120 a day for power when some people spend 1k daily on fuel

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Re: Must Read – NERC Deliberately Delay Electricity Tariff Review For The Forth Time by 24hoursreporter: 1:31pm On Oct 18, 2017
Nice one bro @Blingz88

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