The
new tariffs approved for electricity consumers across the country will become
effective on Monday and will enable the power distribution, generation and
transmission companies to acquire needed infrastructure, the acting Chairman of
the Nigerian Electricity Regulatory Commission, Dr. Anthony Akah, has said.
Akah,
who said this when he led top executives of the regulatory agency on a courtesy
call on the National Orientation Agency in Abuja on Thursday, also said there
was no going back on the new tariffs.
The
NERC boss said the lack of cost-reflective tariffs had hindered the electricity
companies from acquiring the necessary infrastructure, adding that with the new
tariffs, they would not have any excuse for not delivering on agreements they
entered into with the government.
He said the Nigerian power sector reform must provide an appropriate pricing
template, which had been lacking, leading to deficiency in revenues from power.
This, he added, necessitated the new Multi-Year Tariff Order
to enable the generating, transmission and distribution companies to provide
the needed infrastructure for higher generation and supply of electricity to
meet the needs of consumers.
Akah said under the new MYTO, all premises must be metered
and consumers who subscribe to specific metering models must be supplied meters
within 60 days after which they would not be disconnected or charged on
estimation if a meter was not supplied.
He also said that a Power Consumer Assistance Fund had been
put in place to cater for the electricity needs of the less-privileged in the
country, adding that the visit was part of the establishment of a coordinated
approach to creating public awareness ahead of the February 1 implementation
date of the new MYTO.
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