NERC To Review Electricity Tariffs Paid by SMEs

The Nigeria Electricity Regulatory Commission (NERC) has said it will soon review the Multi-Year Tariff Order (MYTO) which it introduced on June 1.

The NERC said the proposed review followed complaints by electricity consumers, especially Small and Medium Enterprises (SMEs), about the N500 fixed fee they are compelled to pay every month, irrespective of the quantum of electricity supplied to them monthly.

Abba Ibrahim, the Executive Commissioner, Government and Consumer Affairs at NERC, said the commission has set up a process to resolve the complaints of the SMEs. He said, “MYTO already has a six month window for regular reviews. Also within it, if there are complaints regarding the implementation of the tariff order and the complaints were brought in within 60 days of its deployment, then the commission is also obliged to sit and review.”

myfinancialintelligence.com