NERC Chairman, Dr. Sam Amadi disclosed this during an exclusive interview recently.
According to the NERC boss, “The era when unscrupulous individuals were in the habit of stealing power will soon be a thing of the past. The NERC now has a framework in place to prosecute anybody found guilty of such heinous crimes as pilfering with PHCN cables among other related crimes.”
The NERC, he stressed, is expected to galvanise action in that direction in the coming weeks.
Amadi further explained that overtime the fixed charge element in the tariff regime would come down, as the amount of electricity supplied improves.
He expressed the commission’s readiness to regulate the sector in the light of the new owners of the privatised Power Holding Company of Nigeria, PHCN, coming on stream.
– Ibraham Apekhade Yusuf, The Nation