Minor review order has no immediate impact on consumers ― NERC


The Nigerian Electricity Regulatory Commission (NERC), says the minor review order released by the Commission on January 3 has no immediate impact on end-user tariffs.

Mr Usman Arabi, NERC’s General Manager Public Affairs Department, made this known in a statement in Abuja.

Arabi said the order was to establish the impact of the exogenous macroeconomic parameters and costs outside the control of the utilities in 2019 and projections for 2020.

He said the macroeconomic indices taken into consideration to conclude the exercise included rate of inflation, foreign exchange, gas price and volume of available electricity

“The order has further prescribed minimum market remittance threshold…

Source: Nigerian Tribune