Nigerian Electricity Regulatory Commission Lagos

Nigerian electricity regulatory commission nerc suddenly increase light bill aka electricity.

Nigerian electricity regulatory commission lagos.

Nigerian electricity regulatory commission nerc is an independent regulatory body with authority for the regulation of the electric power industry in nigeria. The nigerian electricity regulatory commission nerc declared last night that electricity tariff reviews going forward will only follow service based principles. Also electricity tariff was increased effective sept. The nigerian electricity regulatory commission nerc also increased electricity tariff from n30 23 to n62 33 per kwh.

The nigerian electricity regulatory commission also nerc is regarded as an independent regulatory agency in nigeria which was inaugurated and established on the 31st of october 2005 as provided in the electric power sector reform act 2005 as amended by the law. Nigerian electrical regulation commission nerc regulates activities in the nigerian electricity supply industry nesi in nigeria as stipulated by the electric power sector reform act epsra 2005. The commission is widely perceived in the country as the mouth piece of the populace whom has the sole regulatory mandate to monitor all the operators and their operations and services rendered to the consumers at large. Prospective licence applicants must carefully study the provisions of the epsra or consult a power lawyer before making an application to nerc.

It would be recalled that in 2015 the nigerian electricity regulatory commission nerc under the multi year tariff order myto introduced a new electricity tariff which became effective on the 1st of february 2016. The nigerian electricity regulatory commission has said the obligation to ensure that all electricity consumers have meters remained with the electricity distribution companies under meter asset provider regulations 2018. New electricity tariff wit more than 100 increase na im nigerian must pay from 1 september 2020. Nigerian electricity regulatory commission nerc is an independent regulatory body with authority for the regulation of the electric power industry in nigeria.

The increase was estimated to be about 45. Nerc was formed in 2005 under the obasanjo administration s economic reform agenda through the electric power sector reform act 2005 for formation and review of electricity tariffs transparent policies regarding subsidies promotion of policies that are efficient and environmentally friendly and also including forming and. Wabba who spoke on the issues said the.