The Nigeria Electricity Regulatory Commission (NERC) has disclosed that a new electricity tariff will be ready after a regulatory meeting is held this week.
Its Chairman, Dr. Sam Amadi, said the regulator had met with Discos to finalise their tariff proposals.
He said the commission had got feedback from government and the Discos.
“We have gone to the Discos, got feedback, gone to government and got feedback. We have not finalised. In our view, we have basically done the crunching of numbers.
It is not about tariff increase, it is also not about their financial outlaw. We have done the technical work, remaining the regulatory work. By next week, we should sign off on the new tariff.”
NERC also noted that the revenue shortfall that accumulated with its freezing of the Residential 2 (R2) class tariff earlier in the year when it approved a cost-reflective tariff in the Multi Year Tariff Order 2.1 (MYTO) would be incorporated in the new tariff to enable the operators recover their cost of supplies to consumers.
One of its tariff and rates officials, Aisha Mahmoud, in her presentation, said: “We calculated the shortfall accruing to the freeze of the R2 and we incorporated it in the tariff because that’s part of the revenue of the operators and they have to recover it one way or the other.”
“So, the Discos have now included it because we said it is their tariff. So, it is part of the tariff going forward,” Mahmoud added.
Amadi said the commission would soon begin verification of accumulated debts owed to Discos by Ministries, Departments and Agencies (MDAs) as well as military and police barracks, among other security formations.
According to the Discos, the debts owed for supply of electricity to these classes of consumers have risen to impact on their operations.
