Business & Finance

New Tariff Regime Will Provide Meters For All Consumers – NERC


The Nigerian Electricity Regulatory Commission (NERC) said on Monday that the new electricity tariff regime (MYTO 2015) had the mechanism to meter all consumers within one year.

The Acting Head of the commission, Dr Anthony Akah, stated this in an interview with the News Agency of Nigeria (NAN) in Abuja.

“The new tariff, besides eliminating fixed charge, has a robust mechanism to ensure that DISCOs (Distribution Companies) fully meter their consumers and eliminate ‘crazy’ billing within one year.’’ Akah said.

He said that the new tariff regime if allowed to work, was a realistic tariff.

Akah said the new tariff would protect consumers’ interests and allow more efficient billing system.

He said that the tariff would also fast-track the development of the nation’s economy.

Akah added that the tariff would encourage massive metering of customers and would also reduce losses suffered by power investors.

He said that the removal of fixed charge under the new tariff was in response to electricity consumers’ complaints.

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Akah said that no DISCO would connect new customers without first providing them with meters.

He said this would ensure that electricity distribution companies improved on service delivery, adding that their income depended on the quantity of electricity used by their customers.

According to him, the new tariff has an inbuilt consumer protection mechanism and incentives for improved service delivery as well as fair return on investment in the new tariff order.

He said that the new tariff regime was cost effective and would effectively monitor and enforce all service delivery agreements in the new tariff order.

Akah said if the new tariff was allowed, it would encourage more investors to participate in the sector, adding that both consumers and investors were fairly treated in the new tariff. regime (NAN)

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