Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » NERC serves notice of impending tariff review in July

    NERC serves notice of impending tariff review in July

    April 27, 2021
    Share
    Facebook Twitter LinkedIn WhatsApp
    *NERC.

    OpeOluwani Akintayo

    Lagos — The Nigerian Electricity Regulatory Commission, NERC on Monday said has commenced minor tariff reviews for the eleven Distribution Companies, DisCos which would be implemented in July 2021.

    The Commission made the announcement in a document titled ‘Notice of Minor and Extraordinary Review of Tariffs for Electricity, Transmission and Distribution Companies’ obtained by SweetcrudeReports.

    According to the document, the Commission said it had held series of public hearings and stakeholders consultative forums in the first quarter of 2020 following applications filed by the DisCos asking that it considers their respective 5-year performance Improvement Plans, PIPS.

    It explained that the processes for the July 2021 minor review of MYTO – 2020 would consider changes in inflation, foreign exchange, gas prices, and available generation capacity.

    It would also put into consideration the CAPEX required to evacuate and distribute the said available generation capacity in accordance with the Electric Power Sector Reform Act, EPSRA, and other industry rules, which could lead to an increase in electricity tariffs.

    The Multi-Year Tariff Order, MYTO provides for minor reviews every 6 months, major reviews every 5 years, and extraordinary tariff reviews in instances where industry parameters have changed from those used in the operating tariffs to such an extent that a review is urgently required to maintain the viability of the industry.

    Related News

    China pushes ahead in battery technology race

    Africa’s solar boom: What businesses must do now to reap the benefits

    Otti to acquire EEDC assets in Abia power expansion plan

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    Nigeria advocates for global financial reform at 2025 UN Meetings

    May 9, 2025

    China pushes ahead in battery technology race

    May 9, 2025

    Gold rose amid geopolitical risks, investors await trade developments

    May 9, 2025

    Despite NPA’s intervention, export cargoes still stuck at EPTs for days

    May 9, 2025

    Nigeria recommits to fostering enabling environment for inclusive prosperity

    May 8, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.