The new electricity tariffs for the country, currently being consulted on, are to come into effect on the first day of January 2012, Chairman of the Nigerian Electricity Regulatory Commission (NERC) Sam Amadi has said.
The new tariffs were formerly to be announced in June this year following the working out of all parameters associated with generation, transmission and distribution; however, Amadi, making this disclosure Tuesday at a stakeholder consultation workshop in Abuja on the major review of the Multi-Year Tariff Order (MYTO) noted that President Goodluck Jonathan had granted approval for a 2012 implementation to enable further stakeholder consultations.
He said that the Commission was sparing no effort in verifying data supplied by operators to ensure final tariff is fair to all stakeholders, “In this vein, operators will be required to defend the veracity of data submitted. In this way the Commission will promote transparency in the tariff determination process,” the Chairman explained.
Amadi said, “In recognition of the enormous challenge and in furtherance to his commitment to address the challenge of power supply in the country, President Goodluck Jonathan has granted approval that the revised electricity tariffs we expect to emerge from this consultative process take effect on 1st January 2012.
“This will amongst other things enable the Commission engage further with all relevant stakeholders for their understanding and also align the review dates with calendar of most business especially in the Nigerian Electricity Supply Industry (NESI) and the gas supply sector,” he added.
The new tariffs were formerly to be announced in June this year following the working out of all parameters associated with generation, transmission and distribution; however, Amadi, making this disclosure Tuesday at a stakeholder consultation workshop in Abuja on the major review of the Multi-Year Tariff Order (MYTO) noted that President Goodluck Jonathan had granted approval for a 2012 implementation to enable further stakeholder consultations.
He said that the Commission was sparing no effort in verifying data supplied by operators to ensure final tariff is fair to all stakeholders, “In this vein, operators will be required to defend the veracity of data submitted. In this way the Commission will promote transparency in the tariff determination process,” the Chairman explained.
Amadi said, “In recognition of the enormous challenge and in furtherance to his commitment to address the challenge of power supply in the country, President Goodluck Jonathan has granted approval that the revised electricity tariffs we expect to emerge from this consultative process take effect on 1st January 2012.
“This will amongst other things enable the Commission engage further with all relevant stakeholders for their understanding and also align the review dates with calendar of most business especially in the Nigerian Electricity Supply Industry (NESI) and the gas supply sector,” he added.
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