• Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Advertise Here
  • Login
National Insight News
Advertisement
  • News
  • Politics
  • Business
  • Entertainment
  • Sports
  • Health
  • Tourism
No Result
View All Result
  • News
  • Politics
  • Business
  • Entertainment
  • Sports
  • Health
  • Tourism
No Result
View All Result
National Insight
No Result
View All Result
Home Featured

NERC To Review Electricity Tarrif From July

by NationalInsight
May 25, 2022
in Featured, News
Reading Time: 1min read
0
2
SHARES
585
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp
ADVERTISEMENT

The Nigerian Electricity Regulatory Commission (NERC) will from July 1, 2022 review electricity tariff, about six months after carrying out a similar exercise.

NERC disclosed this in a memo titled: “Notice Of Compliance in Respect of the Biannual Review of the Revenue Requirements of Licensees,” the commission said, adding, that the adjustment will cover among others, changes in relevant macroeconomic indices.

Howbeit, it was announced that it would not necessarily lead to tariff increase for consumers, noting that some end users may actually have their rates reviewed down if the data available indicated otherwise.

NERC also emphasized that pursuant to the provisions of the Electric Power Sector Reform Act (EPSRA), it adopted the Multi-Year Tariff Order (MYTO) methodology in setting out the basis and procedures for determination of licensees’ revenue requirements and review of electricity tariffs in Nigeria.

You might also like

ACPN National Chairman Endorses Geneith Pharmaceuticals’ Health Competition to Fight Malaria Among Youths

SWAgCo Signs ₦10 Billion Joint Ventures with Multinationals to Agro-Industrialize South-West Nigeria

Odu’a Investment Declares ₦518m Dividend, Reports ₦82.26bn Income Despite Economic Headwinds

Load More

It stressed that the methodology provides for minor reviews (every six months), major reviews (every five years), and extraordinary reviews in instances where industry parameters have changed significantly from those used in the operating tariffs.

Furthermore, it is said to be an extent that a review is required urgently to maintain the viability of the electricity industry.

Recall that this development came a few weeks after a fast increase of insinuations that NERC had hidden the February 1, 2022 increase in power tariffs from Nigerians in a bid to beguile consumers.

ALSO READ  Harry Akande Demonstrated 100 Percent Commitment to Democracy and Democratisation in Nigeria- Babs Oduyoye 
Tags: ElectrityNERCNIGERIA
Share19Tweet12Send
Previous Post

FG Orders Complete Testing Of Nigerian Athletes Ahead 2022 Commonwealth Games

Next Post

Osun State Polytechnic Students Invent Data Capturing Machine

NationalInsight

NationalInsight

Related Posts

Featured

ACPN National Chairman Endorses Geneith Pharmaceuticals’ Health Competition to Fight Malaria Among Youths

by NationalInsight
May 15, 2025
221
Featured

SWAgCo Signs ₦10 Billion Joint Ventures with Multinationals to Agro-Industrialize South-West Nigeria

by NationalInsight
May 15, 2025
437
L:R: Mr Adeleke Adefolaju, mini, Permanent Secretary, Political & Economic Affairs Ekiti State, Mr Abdulrahman Yinusa, Odu’a Group Managing Director, Otunba Bimbo Ashiru, Odu’a Group Chairman, Mrs Abiola Ajayi, Company Secretary/ Head of Legal , Dr Adekunle Oyedele, Permanent Secretary, General Administration, Oyo State and High Chief Teslim Igbalaye, SSG, Osun State at the Odu’a 43rd AGM held at Lagos Airport Hotel, Ikeja , Lagos on Thursday
Featured

Odu’a Investment Declares ₦518m Dividend, Reports ₦82.26bn Income Despite Economic Headwinds

by NationalInsight
May 15, 2025
241
Bashorun Akinwale Akinwole
Featured

Oyo Assembly Confirms Wolekanle, Others as LG Service Commission Chairman, Members

by NationalInsight
May 15, 2025
344
Olubadan of Ibadanland, His Imperial Majesty, Oba (Dr.) Akinloye Owolabi Olakulehin (Ige Olakulehin  1
Featured

Ibadan Mogajis, CCII, Monarchs Oppose Move to Make Alaafin Permanent Chairman of Oyo Council of Obas

by NationalInsight
May 15, 2025
339
Next Post

Osun State Polytechnic Students Invent Data Capturing Machine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest Post

ACPN National Chairman Endorses Geneith Pharmaceuticals’ Health Competition to Fight Malaria Among Youths

May 15, 2025
221

SWAgCo Signs ₦10 Billion Joint Ventures with Multinationals to Agro-Industrialize South-West Nigeria

May 15, 2025
437
L:R: Mr Adeleke Adefolaju, mini, Permanent Secretary, Political & Economic Affairs Ekiti State, Mr Abdulrahman Yinusa, Odu’a Group Managing Director, Otunba Bimbo Ashiru, Odu’a Group Chairman, Mrs Abiola Ajayi, Company Secretary/ Head of Legal , Dr Adekunle Oyedele, Permanent Secretary, General Administration, Oyo State and High Chief Teslim Igbalaye, SSG, Osun State at the Odu’a 43rd AGM held at Lagos Airport Hotel, Ikeja , Lagos on Thursday

Odu’a Investment Declares ₦518m Dividend, Reports ₦82.26bn Income Despite Economic Headwinds

May 15, 2025
241
  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Advertise Here

Recent Posts

  • ACPN National Chairman Endorses Geneith Pharmaceuticals’ Health Competition to Fight Malaria Among Youths
  • SWAgCo Signs ₦10 Billion Joint Ventures with Multinationals to Agro-Industrialize South-West Nigeria
  • Odu’a Investment Declares ₦518m Dividend, Reports ₦82.26bn Income Despite Economic Headwinds

Copyright © 2020 National Insight News

No Result
View All Result
  • Politics
  • Entertainment
  • News
    • Business
    • Health
    • Tourism
  • Sports
  • Contact Us
  • Privacy Policy

Copyright © 2020 National Insight News

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
WP Twitter Auto Publish Powered By : XYZScripts.com