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NERC approves new tariff review applications, Capex for DISCOs

NERC approves new tariff review applications, Capex for DISCOs On By Chris Ochayi – Abuja The Nigeria Electricity Regulatory Commission, NERC, has approved new Extraordinary Tariff Review applications, Performance Improvement Plan, PIP, and Capital Expenditure, CAPEX, for electricity Distribution Companies, DIcOs effective from July 1st, 2021 till 30th June 2026. This was contrary to the earlier position of the Minister of Power, Engr. Sale Mamman, who at the weekend allayed consumers’ fear there will be no significant tariff increase. However the NERC orders issued Sunday to the different DISCOs, were about applications for extraordinary tariff review, Performance Improvement Plans, and capital expenditure for the next five years, beginning from 1st July this year.

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FG approves new tariff applications, performance plan, CAPEX for DisCos

Only a little over a week ago, the Special Adviser to the President on Infrastructure, Mr Ahmad Rufai Zakari faulted the report of the World Bank on the state of the Nigerian Power Sector. Mr Zakari, speaking on behalf of the Federal Government (FG) had referred to the Power Sector Recovery Programme Opinion Research Fact Sheet released by the World Bank as inaccurate. According to the report, “78% of Nigerians have less than 12 hours daily access of power supply and up to 58% of electricity consumers are unmetered.” The vehement defence by the FG did not also do much to provide reliable data to debunk the World Bank’s numbers. This gaffe, added to the recent power supply statistics in the country make it difficult for the FG’s rejoinder to be believed.

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Nigeria s NERC approves tariff review applications, Capex for DisCos

Nigeria s NERC approves tariff review applications, Capex for DisCos
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It s inaccurate -- FG refutes World Bank report on poor power supply

Advertisement The World Bank’s Power Sector Recovery Program (PSRP) fact sheet disclosed that But in a statement on Sunday, Ahmad Zakari, special adviser to the president on infrastructure, said it was unclear what empirical evidence the Bretton Woods institution used to arrive at the figures. “It is inaccurate to make a blanket statement that 78 percent of Nigerians have less than 12 hours daily access. The data from NERC is that 55 percent of citizens connected to the grid are in tariff bands D and E which are less than 12 hours supply,” Zakari said. Advertisement “Those citizens are being fully subsidised to pre-September 2020 tariffs until Discos are able to improve supply.

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Nigerian Government Discredits World Bank Report On Poor Power Supply, Says It s Inaccurate

Nigerian Government Discredits World Bank Report On Poor Power Supply, Says It s Inaccurate
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