NERC Meets Stakeholders On Discos Liquidation, Electricity Tariff

NERC Meets Stakeholders On Discos Liquidation, Electricity Tariff

The Nigerian Electricity Regulatory Commission (NERC), will commence stakeholder engagement over review of the drafts of the Multi Year Tariff Methodology (MYTO), Business Continuity regulation for the Nigerian Electricity Supply Industry (NESI) and Eligible Customer declaration regulations, IWIN reports.

The engagements will start in Lagos on September 13, proceed to Abuja on the 18th, then move to Enugu and Yola on September 20. It will further proceed to Jos and Port Harcourt from September 26, before concluding in Kano on October 4. The commission has proposed a final stakeholders’ consultation to be held in all the six geo-political zones and the FCT “to enable the larger public make their inputs and express their opinions before the Commission makes final decision on the proposed regulations,” said a public notice from NERC.

The Multi-Year Tariff Order (MYTO) provides a 15 year tariff path with major reviews every five years, and minor reviews every six months. Under the ‘Business Continuity for the Nigerian Electricity Supply Industry (NESI) regulation, NERC developed new rules that could lead to the liquidation of DisCos who failed to meet performance agreement targets, licensing, finance and compliance obligations. Babatunde Fashola, minister of power, works and housing had on May 19 also invoked the declaration of Eligible Customer rule paving the way for customers who consume up to 2MW of power to buy directly from the GenCos.

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