Breaking News
No one will increase electricity tariff without our approval –NERC
Oseni added that such generators were already making moves to renegotiate the contracted capacity made with NBET to free some capacity to sell to eligible customers.
The Chairman, Nigerian Electricity Regulatory Commission, Mr Sanusi Garba, has said the agency has not approved tariff rate review in the power sector in recent times.
Garba told journalists in Abuja on Friday that the last tariff review was approved on December 31, 2021, and became effective in February this year.
He stated, “I want to, on behalf of the management of NERC, clearly state that as of today (Friday), we have not approved any rate review and there is no indication that any electricity distribution company is increasing its tariff.
“If you notice that the rate you buy electricity has changed within the last one to three weeks, we want evidence. The information posted on the NERC website was the last tariff rate review in December 2021.
“Our function is to approve applications for tariffs for the distribution companies, and we have not received any.
“We have clearly said that we have an obligation by law to do minor review every six months to take care of inflation, forex and so on.”
On the issue of Eligible Customers Regulations, the Commissioner, Market Competition and Rates, NERC, Mr Musiliu Oseni, said it was still in place.
The News Agency of Nigeria reports that the eligible customer regulation permits electricity generation companies to sell power directly to customers whose consumption is more than two megawatts/hour over the course of one month.
Oseni said the regulation and the framework were in place, adding that the commission issued a letter to the market operators to stop the recognition of certain potential customers.
He said the customers were stopped because at the time, they had not secured the approval of the commission.
He stated, “As of today, we have a few customers that have been approved as eligible customers pending the review of the necessary documentation of other customers.
“Some of the customers that are yet to secure approval have some challenges, which include the inability of their potential generators to sell additional capacity to them.
“Under that framework, many of the generators had a contract with the Nigeria Bulk Electricity Trading Company, and you cannot contract the same capacity twice.”
Oseni added that such generators were already making moves to renegotiate the contracted capacity made with NBET to free some capacity to sell to eligible customers.
Fayose’s Thank You Message To Obasanjo: Uncouth, Unthinking And UnAfrican -By Isaac Asabor
Obasanjo, for his part, responded with a pointed but dignified jab, thanking Fayose for revealing his true nature and promptly...
Why Nigeria Must Act Now or Face the Consequences: The Wake-Up Call of the U.S. Religious Freedom Accountability Bill 2025 -By James Ezema
And to the Nigerian people—Christians, Muslims, and traditionalists alike—this moment demands unity, not division. Petition your lawmakers, demand justice, and...
Africa’s Mining Industry: New Opportunities for Cooperation with Russia and China -By Kestér Kenn Klomegâh
The Chinese delegation played a significant role in the event. Participants included Sun Yongjun, First Secretary of the Embassy of...
The Yerima Effect: How A Naval Officer’s Stillness Destroyed Wike’s Political Weapons, Collapsed His Judicial Shield, And Taught A Young Democracy To Stop Fearing Strong Men -By Prof. John Egbeazien Oshodi
The Ministry of Defence publicly defended the officer, not Wike. They stated clearly that Yerima acted within lawful authority. That...
Aso Rock and Kitoye Ajasa’s Lickspittle Press -By Festus Adedayo
To demonstrate their opprobrium for Ajasa’s leaflet, the Nigerian Pioneer newspaper, the people scoffed at it on the newsstand. To Ajasa’s contemporaries, his...