Presidency intervenes as Geometric, Enugu Disco adopt
out-of-court settlement. After duly considering the various individual electricity
tariff submissions of the 11 electricity distribution
Though technical details of the new tariff structure have
been finalized by the regulator, NERC said at a workshop in Abuja that a final
regulatory meeting would be held in the week to conclude the process and then
sign it off.
The Chairman of NERC, Dr. Sam Amadi said the regulator had
held meetings with Discos to finalise on their respective tariff proposals. He
said that the commission had gotten feedbacks from both government the Discos
and would now conclude the process.
“We have gone to the Discos, gotten feedback, gone to
government and gotten 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,” Amadi said.
Amadi’s disclosure follows that of Minister of Power, Works
and Housing, Babatunde Fashola who last week announced that NERC and the 11
Discos had been directed to meet and come up with what he described as a ‘fair
market tariff’
Fashola had said that the new tariff was key to reliable
electricity supply in the country and thus appealed to consumers to accommodate
the incoming increase with some benefit of doubts on the government’s sincerity
to enthrone a fair tariff regime in the sector.
He pointed out that a good tariff system guarantees good
power supply and drew close analogy to what happened in the country’s telecoms
sector when it was privatised in 1999. Fashola stressed that the sector will
eventually plateau to allow supply and tariffs gain commercial values.
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