The commission said changing the tariff update period to monthly or quarterly would allow operators to recover their efficient cost promptly without delay thereby boosting market liquidity. “Electricity consumers will immediately bear the full brunt of risks associated with macro-economic changes in the economy,” it stated.
Browsing: Multi-year Tariff Order
The federal government plans to recover the $7.6bn fund by way of hiking the present electricity tariff outlined in the Multi-Year Tariff Order (MYTO) 2015. It has therefore considered four options and the Working Group is making a decision on which of the hike options to adopt shortly.
Mkpoikana Udoma 21 April 2017, Sweetcrude, Port Harcourt – The Port Harcourt Electricity Distribution Company, PHEDC, has announced that it has…
23 August 2016, Abuja – The Minister of Power, Works and Housing, Mr. Babatunde Fashola has given reasons why investment decisions…
26 July 2016, Abuja – The federal government said it has lent its support to the decision of the Nigerian Electricity…
NERC said it approved N1.36trillion as capital expenditure for the years 2016 to 2020, and N287 billion for its operational expenses for TCN within the same period.
“I enjoin us to look at the issues in the sector. Inappropriate tariff leads to shortfalls and that leads to funding gaps which has risen above N300billion.
Oscarline Onwuemenyi 03 February 2016, Sweetcrude, Abuja – As the new tariff introduced by the Nigerian Electricity Regulatory Commission, NERC, for…
02 February 2016, Lagos – February 1, the Nigerian Electricity Regulatory Commission, NERC, approved new electricity structure under the Multi…
Oscarline Onwuemenyi 01 February 2015, Sweetcrude, Abuja – As the new tariff introduced by the Nigerian Electricity Regulatory Commission, NERC,…