27 October 2015, Abuja – Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi has said the commission would apply the principles of prudence and affordability in the current upward review of electricity tariffs in the country.
Amadi gave the clarification against the backdrop of reports that NERC would increase the tariffs by 40 per cent.
The NERC chairman, who described the report as inaccurate, added that the review process was still ongoing.
Amadi was quoted recently to have stated that between 40 per cent and five per cent increase would be approved for the distribution companies.
But he told THISDAY that NERC had not finished the review “so there is no way of knowing the percentage increase.”
“It is all speculative; we will not know until the end of the review,” he added.
On how the 40 per cent increase credited to him, was arrived at, Amadi stated that “we said that in the tariff proposals from the discos, some have 40 per cent; some 60 per cent; some 5 per cent and so on for different customer classes.”
“At the end of the day, the final tariff that will be approved will be such that does not give the distribution company what it does not deserve and that commits the disco to quality service delivery,” Amadi added.
- This Day