By Emmanuel Addeh
The Nigerian Electricity Regulatory Commission (NERC) has signed a new set of guidelines that would see power Distribution Companies (Discos) get sanctioned for load rejection and the Transmission Company of Nigerian (TCN) punished for inability to wheel electricity sent to it by the Generation Companies (Gencos).
The regulatory instrument titled: “Guidelines for Economic Merit Order Dispatch of Generation Capacity and Related Matters,” seen by THISDAY, it was learnt, seeks to settle the existing imbalance between the Discos and the TCN.
The document was jointly signed by the new Chairman of NERC, Mr. Sanusi Garba and Commissioner for Legal, Licencing and Compliance, Dafe Akpeneye and was dated February 15, 2021.
By Joy Odigie
Benin, Jan. 6, 2020 The Manufacturers Association of Nigeria (MAN), Edo/Delta branch, has described the increase in electricity tariff by the Nigerian Electricity Regulatory Commission (NERC) as `ill-time’ due to the economic recession.
Mr Okwara Udensi, Chairman of the branch, told the News Agency of Nigeria (NAN) in Benin on Wednesday that many businesses were still facing untold hardship caused by the COVID-19 pandemic and EndSARS violence.
He said the manufacturing sector was currently being faced with high cost of production noting that any further increase in electricity tariff would worsen production and purchasing power of consumers.
“The economy is in a bad shape, we are in recession, so an increase in electricity tariff will translate to an increase in the cost of goods and services.