Lagos — Chairman of the Nigerian Electricity Regulatory Commission, NERC, Prof. James Momoh, has announced that the body will come up with cost-reflective electricity tariffs after the ongoing metering exercise by the distribution companies or DisCos is completed.
He made the statement over the weekend, adding that the Meter Assess Provider, MAP, programme has come to stay because all DisCos had signed an agreement with the meter providers within their operation to kick start the rollout of metering but it’s not free.
“Meter distribution is going to be on a monthly basis to customers as DisCos are committed to MAP services. MAP is not a problem; Nigerians will get meter but they have to follow the procedure to get the meters.
“Cost-reflective tariff will be effective when there are no more losses in the system. When meters are installed and issues of customers enumeration are put in place and that will address most lingering issues in the sector.
“Very soon the price regime on cost reflective tariff will be out which electricity customers will also partake in the discussion to put the power sector in the right direction,” he said.
He said that achieving incremental, stable and uninterrupted power in a safe and affordable manner is required of distribution companies which need not be compromised.
Momoh said: “To achieve optimal energy generation, transmission, and distribution, there is a need for capacity building to design, construct, build and test the new grid that is sustainable.
“Need new curriculum for Universities that would be revised for every electrical engineering student to take economic courses, finance and vice-versa; the general course in apps design and communication, data analytics should be taught.