Barring any unforeseen circumstances, electricity tariffs are to further go up in Nigeria, beginning from December 2021.
This is, even, as the Federal Government said on Wednesday it had commenced the procurement of four million meters meant to be distributed free of charge to unmetered power users countrywide, under phase zero of the National Mass Metering Programme.
On plans for tariff review, the NERC in a notice on the review of transmission loss factor in Multi Year Tariff Order, MYTO, informed the general public and industry stakeholders of the commission’s intention to commence two key reviews.
It outlined them to include the Extraordinary Review of Transmission Company of Nigeria’s Loss Factor (TLF) in the MYTO, and the processes for the December 2021 review of MYTO – 2021.
The MYTO methodology provides for minor reviews every six months, major reviews every five years, and extraordinary tariff reviews in instances where industry parameters have changed from those used in the operating tariffs.
NERC announced that stakeholders and the general public were invited to send their comments within 21 days from the date of the notice, which was on November 16, 2021.
