Mkpoikana Udoma
Port Harcourt — The Nigerian Electricity Regulatory Commission, NERC, is currently holding a petition hearing at the instance of the Manufacturers Association of Nigeria, MAN, over new electricity tariffs.
MAN had written NERC demanding a reversal or indefinite suspension of the implementation of the new electricity tariff rate in the supplementary multi-year tariff order of 3rd April 2024.
At the petition hearing taking place at the NERC headquarters in Abuja, MAN through its Director General, Segun Ajayi-Kadir, noted the reasons for writing the petition for the tariff reversal.
Intervenors comprising representatives of power firms and power sector experts are also presenting their cases on the prevailing situation of the macro-economic indices against which the tariff adjustment was made.
Meanwhile, NERC Vice Chairman and Chairman of the petition hearing team, Dr. Musiliu Oseni, has said that the submissions from MAN as well as from intervenors were being noted.
Oseni announced that NERC will make a ruling on the petition during a 30-day window plus an extension of 15 days, based on the submission by MAN, and those from the intervenors.
