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NERC Mulls Another Electricity Tariffs Review - Politics - Nairaland

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NERC Mulls Another Electricity Tariffs Review by Luckydubby7(m): 4:46am On Apr 27
Plans are underway for the Nigerian Electricity Regulatory Commission (NERC) to review tariffs that customers pay to the 11 Distribution Companies (Discos) and to also approve a new capital expenditure (capex) for the energy distributors.

The source of discord between the regulator and the DisCos has always been the capital expenditure allowance approved by NERC since the distributors insist that it is too low and has limited their capacity for network expansion.

Going by the Multi Year Tariff Order (MYTO) 2015, the approved average capital expenditure allowance to DisCos remains $12million or roughly N5 billion per DiCco annually.

On the other hand, MYTO, is a framework that guides the pricing of electricity in the country and by the rules is supposed to be adjusted twice a year.

The commission expressed the readiness for the review on its website yesterday in its notice that it titled “Notice of Minor and Extraordinary Review of Tariffs for Electricity Transmission Distribution Companies”

NERC stated that the latest move was pursuant to the provisions of the Electric Power Sector Reform Act (EPSRA) which sets out the methodology and procedures for reviewing electricity tariffs in Nigeria.

The notice: “The MYTO provides for minor reviews every six months, major reviews every five 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”.

Further to this, the commission noted that it held series of public hearings and stakeholder consultations in the first quarter of 2020 on the extraordinary tariff review applications of the 11 electricity Discos to consider their respective five-year Performance Improvement Plans (PIPs).

NERC, however, said that the evaluation of the Discos’ requests for review of the capital expenditure proposed in their improvement plans could not be concluded for the consideration of the commission during the minor reviews undertaken in 2020.

The commission specifically noted that section 21 of the MYTO, 2020 order, provides for consideration of DisCos’ capital expenditure application upon further scrutiny and evaluation of the investment proposals.

It explained that the latest notice was issued to inform the general public and industry stakeholders of the commission’s intention to conclude the extraordinary tariff review process for the 11 Discos.

In addition, NERC stated that it was also to 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 capital expenditure.

It stressed that this is required to evacuate and distribute the said available generation capacity in accordance with the extant laws and other existing industry rules.

The Commission said: “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 (NESI) 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.”
https://thenationonlineng.net/nerc-mulls-another-electricity-tariffs-review/

Re: NERC Mulls Another Electricity Tariffs Review by HenryThegreat1(m): 4:50am On Apr 27
What a news.
Re: NERC Mulls Another Electricity Tariffs Review by Karlovych: 4:55am On Apr 27
grin grin As long as we at vulturebbqrillz are excluded from the bill we are happy with it, the same way all of our darling daddy's policies don't affect us. We the 30K BMC zombies will support anything coming from the vegetable

53 Likes 2 Shares

Re: NERC Mulls Another Electricity Tariffs Review by Philipponzaghi: 5:08am On Apr 27
Nigeria don enter am!

We need to appease Ogun lakaye because all these things happening is not oju lasan again.

10 Likes

Re: NERC Mulls Another Electricity Tariffs Review by FalseProphet1(m): 5:08am On Apr 27
Very soon the average Nigerian won't be able to afford electricity in this country cos the price will be far above his income. This I have seen.

24 Likes

Re: NERC Mulls Another Electricity Tariffs Review by ipobarethieves: 5:08am On Apr 27
sad THIEVES angry angry.OGUN strike una sad angry

1 Like

Re: NERC Mulls Another Electricity Tariffs Review by BigBelleControl(m): 5:09am On Apr 27
Abeg, when will this country shock us with good news?
Being a citizen of this country is the most challenging thing ever. Every government responsibility is transferred to you.

15 Likes 2 Shares

Re: NERC Mulls Another Electricity Tariffs Review by Felixalex(m): 5:09am On Apr 27
E don be for us

2 Likes

Re: NERC Mulls Another Electricity Tariffs Review by weirdholla(m): 5:10am On Apr 27
grin this Zoo called Nigeria it's well.
Re: NERC Mulls Another Electricity Tariffs Review by Felixalex(m): 5:10am On Apr 27
MANNABBQGRILLS:
Reading

So u de alive... All the bad news wey full here since yesterday, u just lock up. Your darling daddy wan finish us for this country o

26 Likes

Re: NERC Mulls Another Electricity Tariffs Review by cardoctor(m): 5:11am On Apr 27
B
Re: NERC Mulls Another Electricity Tariffs Review by tunjijones(m): 5:11am On Apr 27
God will punish Buhari and this his government.

8 Likes

Re: NERC Mulls Another Electricity Tariffs Review by Rugaria: 5:11am On Apr 27
Philipponzaghi:
Nigeria don enter am!

We need to appease Ogun lakaye because all these things happening is not oju lasan again.
grin grin grin
No be una make Buhari president?
Buhari the would be savior of the world!
Eye go clear all of una one by one..

11 Likes

Re: NERC Mulls Another Electricity Tariffs Review by Yankee101: 5:12am On Apr 27
These people really are stoking a revolution

5 Likes

Re: NERC Mulls Another Electricity Tariffs Review by ipobarethieves: 5:12am On Apr 27
grin grin angry stop reading oo.
MANNABBQGRILLS:
Reading

4 Likes

Re: NERC Mulls Another Electricity Tariffs Review by markidoo(m): 5:12am On Apr 27
stop am
Re: NERC Mulls Another Electricity Tariffs Review by MANNABBQGRILLS: 5:13am On Apr 27
ipobarethieves:
grin grin angry stop reading oo.
Okay now.
We just stopped cool

3 Likes 2 Shares

Re: NERC Mulls Another Electricity Tariffs Review by HenryThegreat1(m): 5:13am On Apr 27
MANNABBQGRILLS:
Going back memory lane....
We still say no to fuel increase.....
You will continue to read.

3 Likes

Re: NERC Mulls Another Electricity Tariffs Review by Philipponzaghi: 5:13am On Apr 27
Rugaria:

grin grin grin
No be una make Buhari president?
Buhari the would be savior of the world!
Eye go clear all of una one by one..

If Jonathan the ineffectual Buffon had moved Nigeria to greater heights, shey person go reason the deaf Buhari?

Both Jonathan and Buhari should go to hades, I don’t give a flying bleep about any of them.

Back to the matter, we need to appease Ogun Lakaye. Nigeria matter is now under the supervision of awon iya mi oshoromonga.

9 Likes 1 Share

Re: NERC Mulls Another Electricity Tariffs Review by MANNABBQGRILLS: 5:14am On Apr 27
HenryThegreat1:

You will continue to read.
Okay, we just continued reading.
Is that all?

Keep silent and say no to fuel increase..... okay?

2 Likes 2 Shares

Re: NERC Mulls Another Electricity Tariffs Review by MrOkenwa: 5:15am On Apr 27
Pray for Nigeria
Re: NERC Mulls Another Electricity Tariffs Review by Franzinni: 5:18am On Apr 27
I use to say the fish rots from the head but lately .... I am beginning to see that nigerian fish the head and the body are one and the same ...

Now I say

Your situation in life is a merciless mirror of your state of mind as a people. In other words, we are in the mess we deserve.

The moment we decide enough is enough ...it becomes enough.

2 Likes

Re: NERC Mulls Another Electricity Tariffs Review by ngadaAwo: 5:19am On Apr 27
angry

by the time terrorist Buhari is done with this country ehhh...

Thank God Apc bastards are included too
Thunder fire their mama and papa

6 Likes

Re: NERC Mulls Another Electricity Tariffs Review by free2ryhme: 5:19am On Apr 27

4 Likes

Re: NERC Mulls Another Electricity Tariffs Review by LibertyRep: 5:20am On Apr 27
Someday the oppressed will rise against the oppressors.

The hour is coming.

5 Likes

Re: NERC Mulls Another Electricity Tariffs Review by jimi4us: 5:22am On Apr 27
Wahala for who no do bypass for this Zoo

1 Like

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