Nigerian Electricity Regulatory Commission has not reviewed tariff rates in recent times.
“The last tariff review was approved on December 31, 2021,” said Garba. “It became effective in February.”
The National Board for Rate Review has not approved any rate reviews and no electricity company is planning on increasing its rates.
If you have noticed a change in the price of electricity- make sure to post evidence of this. The rate last changed in December 2021.
We have not received any applications for tariffs for the distribution companies and we are in charge of approving them.
The finance minister said that they are working with the necessary agencies to make small reviews in order to adjust for inflation.
With the Eligible Customers Regulations still in place, we are working hard on the priority of customers’ wellbeing.
The law, the News Agency of Nigeria reports, permits power companies to sell directly to customers who use more than two megawatts hours over the course of a month.
The commission can regulate the market by not recognizing certain individuals who are potential customers.
The customer was stopped because they hadn’t gotten commission approval at that time. They have since received approval and are continuing to work on the project.
The company is taking customer’s applications that have met the requirements and are awaiting approval.
There are some customers with projects that haven’t been approved because their potential generators don’t want to sell the excess power they have.
NRRECs cannot sign the same contract twice.
Oseni mentioned that such generators are already attempting to renegotiate some contracted capacity with NBET to sell to eligible customers.
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