The Nigerian Electricity Regulatory Commission,
NERC, has said that the electricity tariffs being paid by consumers
will increase in April this year.
NERC disclosed this in its ‘December 2019 Minor Review of Multi-Year
Tariff Order 2015 and Minimum Remittance Order for the Year 2020,’
which was dated December 31, 2019.
It said the order, effective from January first, 2020, was issued to
reflect the impact of changes in the minor review variables in the
determination of cost-reflective tariffs and relevant tariff and
market shortfalls for 2019 and 2020.
The commission said the order also determined the minimum remittances
payable by the Discos in meeting their market obligations based on the
allowed tariffs.
It said the Federal Government’s updated Power Sector Recovery Program
does not envisage an immediate increase in end-user tariffs until
first April 2020 and a transition to full cost reflectivity by end of
2021.
According to NERC, all Discos are obligated to settle their market
invoices in full as adjusted and netted off by applicable tariff
shortfall.
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