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Nairaland Forum / Nairaland / General / Politics / Nerc:new Electricity Tarrif Takes Effect January 1. (1093 Views)
NERC Set To Release New Electricity Tariff / The New Electricity Tariffs From July 2015 / New Electricity Tariffs To Take Effect January, 2012 (2) (3) (4)
Nerc:new Electricity Tarrif Takes Effect January 1. by retepmurt(m): 6:23am On Dec 25, 2014 |
The Nigerian Electricity Regulatory Commission (NERC) on Tuesday approved a review of the Multi Year Tariff Order (MYTO) 2 regime with an implication for takeoff date for a disciplined electricity market by January 1, 2015. With the commencement of MYTO 2.1, the commission will now progressively hold electricity distribution, transmission and generation companies as well as other market operators to the terms and conditions of their licences. The commission’s chairman Dr Sam Amadi, said, “It is expected that the take-off of MYTO 2.1 will bring about improved service delivery as distribution companies are now expected to implement their investment plans for metering and strengthen their networks in line with their bid documents.” He explained that the adjustment in methodology is not expected to bring about any increase in tariff to the residential customers on R1 and R2, who formed majority of electricity consumers, at least not in the next six months. Explaining the rationale behind the adjustment, Amadi said that the commission had shielded ordinary Nigerians from possibility of rates shock that could have accompanied the review while pressing the operators for improved service delivery and to abide by the agreement they signed into while acquiring the electricity entities. He explained further that the review was imperative on account of possible the take off date of January 1, 2015, for the transition electricity market and the memorandum of understanding between the Central Bank of Nigeria (CBN) and the Nigerian Electricity Supply Industry (NESI). According to him, all these measures were being put in place to ensure the new owners can fund their operations and ensure improved electricity supply to the economy as well as expand the amount of electricity available for economic development. With this development the existing regime of Interim Rules, whereby the Commission govern the market without the full rigours of the MYTO, as situation arises will cease, while activities of the market will now be governed by strict contractual obligationshttp://leadership.ng/news/397585/nerc-new-electricity-tariff-takes-effect-january-1 |
Re: Nerc:new Electricity Tarrif Takes Effect January 1. by temitemi1(m): 6:27am On Dec 25, 2014 |
Noted!! |
Re: Nerc:new Electricity Tarrif Takes Effect January 1. by okosodo: 6:56am On Dec 25, 2014 |
If they increase it as speculated, then why would i vote jona? 1 Like |
Re: Nerc:new Electricity Tarrif Takes Effect January 1. by jacabi(m): 7:03am On Dec 25, 2014 |
New year gift. |
Re: Nerc:new Electricity Tarrif Takes Effect January 1. by macIB(m): 7:08am On Dec 25, 2014 |
next na to increase fuel pump price! watching GEJ and voting GMB come 14/2/2015.... 1 Like |
Re: Nerc:new Electricity Tarrif Takes Effect January 1. by otokx(m): 7:15am On Dec 25, 2014 |
Let them increase it today we still will not pay for service not rendered. Even on Christmas day no light in UNIPORT. |
Re: Nerc:new Electricity Tarrif Takes Effect January 1. by simpleseyi: 7:41pm On Dec 25, 2014 |
Jan 1, 2012 new year gift was increase in price of petroleum product. Jan 1, 2015 new year gift is increase in price of unavailable power. vote Jonathan, vote increase in prices of everything. |
Re: Nerc:new Electricity Tarrif Takes Effect January 1. by laudate: 9:15pm On Dec 25, 2014 |
Typical short-sighted way of swindling the masses, by charging them for electricity that they hardly ever receive. What is the Consumer Protection Council (CPC) and the government agencies that should protect the citizens from exploitation doing about this? Increase in tarrif my left foot! |
Re: Nerc:new Electricity Tarrif Takes Effect January 1. by egift(m): 10:19pm On Dec 25, 2014 |
Nigerians should unite and vote out Jonathan. If not there very terrible plans in the pipeline that will increase hardship (Electricity tariff, increase in fuel price, falling naira value, depreciated foreign reserve, massive corruption in government, hording of essential commodities, high inflation, etc). It will take a quality leadership to make Nigeria great again. #Change |
Re: Nerc:new Electricity Tarrif Takes Effect January 1. by Nobody: 10:38pm On Dec 25, 2014 |
Gej's impoverishment of the masses continues as he enriches his cronies. No wonder he said recently that he has created more billionaires. 2 Likes |
Re: Nerc:new Electricity Tarrif Takes Effect January 1. by laudate: 8:39pm On Jan 06, 2015 |
LEADERSHIP NEWSPAPERS: |
Re: Nerc:new Electricity Tarrif Takes Effect January 1. by cool318(m): 9:06pm On Jan 06, 2015 |
[quote author=laudate post=29554024][/quote] U better tell them cos i will sharpen my cutlass front and back to wait for any of these marauders when they will come to cut the light that we have not seen for weeks now. better tell them, well they know me in their office over here, at least the useless marketer here can testify of my Fury. I really dont know what thees fools take Nigerian consumers for ![]() |
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