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NERC begins process to determine affordable electricity tariff

NERC Begins Process To Determine Affordable Electricity Tariff

The Nigerian Electricity Regulatory Commission (NERC) is shopping for consultants it will engage within a month to determine the rate of affordability of the present tariff paid by consumers across the 11 Electricity Distribution Companies (DisCos) and four other areas, Daily Trust reports.

The NERC which regulates the electricity supply value chain has not announced any tariff review since February 2016 even when its practice was to review the tariff every six months. In the new task, NERC expects to initiate an affordable tariff mechanism.

NERC will also engage experts in the valuation of the assets of the Transmission Company of Nigeria (TCN). This includes physical audit and verification and valuation of the assets guided by extant provisions in the MYTO 2015 as approved by NERC. NERC will also be engaging consultants that will do an operational and technical audit of the System Operations (SO) and Market Operations (MO) which are sections of the TCN.

For the new Meter Asset Providers (MAP) regulation which came into force on April 3, NERC is seeking to engage consultants to conduct an audit and outcome procurement process by DisCos. NERC, this month, called for interested firms to apply for the ‘No Objection’ Permit to qualify as a MAP which can be engaged by a DisCo.

The post NERC begins process to Determine Affordable Electricity tariff appeared first on Energy News | Oil and Gas News.

This post first appeared on Energy Mix Report, please read the originial post: here

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NERC begins process to determine affordable electricity tariff


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