New electricity tariff ready this week – NERC

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The Nigerian Electricity Regulatory Commission (NERC) has said that the new electricity tariff would be announced this week.

Disclosing this, the chairman of the NERC, Dr Sam Amadi, while speaking at the opening of a workshop for power correspondents in Abuja at the weekend, said that the new tariff would be ready and signed off this week.

Noting that details of the tariff structure were not yet to be finalised, Amadi explained that the NERC was done with the technical issues, adding, “Next will be regulatory process before approval. Before the end of next week, we will sign off and there will be a clear definite tariff.”

While details of the new tariff remain sketchy, it was, however, learnt that the shortfalls which accrued following the embargo placed in January this year, which froze the implementation of the new tariff for residential customers, have now been included.

The NERC had, following the January 1, 2015, tariff increase, exempted residential consumers who fall under the R1 and R2 category from being affected for a period of six month.

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