The Nigeria Electricity Regulatory Commission (NERC) has said a new electricity tariff will be ready this week.
NERC said at a workshop in Abuja that a final regulatory meeting would be......
held this week to conclude the process.
Its Chairman, Dr. Sam Amadi, said the regulator had met with Discos to finalise their tariff proposals.
He said the commission had got feedback from government and the Discos.
NERC also noted that the revenue shortfall that accumulated with its freezing of the Residential 2 (R2) class tariff earlier in the year when it approved a cost-reflective tariff in the Multi Year Tariff Order 2.1 (MYTO) would be incorporated in the new tariff to enable the operators recover their cost of supplies to consumers.
Drop a comment....thanks!