{"id":48506,"date":"2021-04-27T10:43:53","date_gmt":"2021-04-27T09:43:53","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=48506"},"modified":"2021-04-27T10:43:53","modified_gmt":"2021-04-27T09:43:53","slug":"electricity-tariffs-nigerians-to-pay-more-from-july-2021","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/electricity-tariffs-nigerians-to-pay-more-from-july-2021\/","title":{"rendered":"Electricity Tariffs: Nigerians To Pay More From July 2021"},"content":{"rendered":"

Barring any last minute change, Nigerian electricity consumers may begin to pay higher tariffs as the Nigerian Electricity Regulatory Commission (NERC) on Monday announced that another tariff review for Nigeria\u2019s 11 power distribution companies would hold in July.<\/p>\n

It disclosed this in its notice of Minor and Extraordinary Review of Tariffs for Electricity Transmission and Distribution Companies, a development that might lead to a rise in the tariffs payable by electricity users.<\/p>\n

The commission explained that the extraordinary tariff review was as a result of changes in inflation, foreign exchange, gas prices, available generation capacity and capital expenditure.<\/p>\n

It said the Multi Year Tariff Order provided for minor reviews in every six months and major reviews in every five years.<\/p>\n

The commission, however, stated that extraordinary tariff reviews were done in instances where industry parameters had changed from those used in the operating tariffs to such an extent that a review was urgently required to maintain the viability of the industry.<\/p>\n

NERC states: \u201cFurther to the above, the commission held series of public hearings and stakeholder consultations in the first quarter of 2020 on the Extraordinary Tariff Review Applications of the 11 electricity distribution companies to consider their respective five-year Performance Improvement Plans.\u201d<\/p>

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It stated that based on the above, the notice was issued to inform the general public and industry stakeholders of the commission\u2019s intention to conclude the extraordinary tariff review process for the Discos.<\/p>\n

It said it would also commence the processes for the July 2021 minor review of MYTO-2020 to consider changes in inflation, foreign exchange, gas prices, available generation capacity.<\/p>\n

The commission said it would also consider the capital expenditure required to evacuate and distribute the said available generation capacity in accordance with power sector Act and other extant industry rules.<\/p>\n

It invited stakeholders and the general public to send their comments to the commission within 21 days from the date of the publication.<\/p>\n","protected":false},"excerpt":{"rendered":"

Barring any last minute change, Nigerian electricity consumers may begin to pay higher tariffs as the Nigerian Electricity Regulatory Commission (NERC) on Monday announced that another tariff review for Nigeria\u2019s 11 power distribution companies would hold in July.<\/p>\n","protected":false},"author":6,"featured_media":48507,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[8536,3173],"coauthors":[2391],"class_list":["post-48506","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-nigerian-electricity-consumers","tag-small-businesses"],"yoast_head":"\nElectricity Tariffs: Nigerians To Pay More From July 2021 - National Wire<\/title>\n<meta name=\"description\" content=\"Barring any last minute change, Nigerian electricity consumers may begin to pay higher tariffs as the Nigerian Electricity Regulat\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/electricity-tariffs-nigerians-to-pay-more-from-july-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Electricity Tariffs: Nigerians To Pay More From July 2021 - 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