By Energy Worth

The Nigerian Electricity Regulatory Commission on Tuesday said it had no plan to dump the Multi-Year Tariff Order framework used in determining the tariff payable by electricity consumers in the country.

NERC denied reports that it was planning to quit the MYTO framework, but stated that it planned to review the financial model of the tariff order.

The commission said these in a statement issued in Abuja, adding, “NERC hereby reaffirms that there are no plans to dump the MYTO framework used in determining end-user tariffs based on revenue requirement of the electricity industry.

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