ADVERTISEMENT
The Moment Nigeria
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
The Moment Nigeria
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport

Again! Electricity tariff set to rise in July as NERC reviews MYTO

by Usman Kadri
April 26, 2021
Reading Time: 2 mins read
Again! Electricity tariff set to rise in July as NERC reviews MYTO
Share on FacebookShare on TwitterShare on WhatsappShare on LinkedIn

The Nigerian Electricity Regulatory Commission (NERC) says it will introduce another tariff review for the 11 distribution companies (DisCos) in the country.

In a notice posted on its website on Monday, the NERC said the extraordinary tariff review is as a result of changes in inflation, foreign exchange, gas prices, available generation capacity and capital expenditure.

The commission stated that the review is expected to begin in July.

RELATED STORIES

Governor Soludo’s ANSEC set to empower cohort two of one-youth-two-skills scheme

Anyone offering to serve one term needs Psychiatric examination –Soludo

August 2, 2025
Bayo Ojulari: Presidency denies sack, forceful resignation of NNPCL GCEO

Bayo Ojulari: Presidency denies sack, forceful resignation of NNPCL GCEO

August 2, 2025

“The MYTO provides for Minor Reviews (every 6 Months), Major Reviews (every 5 years), and Extraordinary Tariff Reviews in instances where industry parameters have changed from those used in the operating tariffs to such an extent that a review is urgently required to maintain the viability of the industry,” NERC said.

“Further to the above, the Commission held series of Public Hearings and stakeholder consultations in the first quarter of 2020 on the Extraordinary Tariff Review Applications of the eleven (11) electricity distribution companies (“DisCos”) to consider their respective 5-year Performance Improvement Plans (“PIPs”).

“Accordingly, this notice is issued to inform the general public and industry stakeholders of the Commission’s intention to: Conclude the Extraordinary Tariff Review process for the eleven DisCos; Commence the processes for the July 2021 Minor Review of MYTO – 2020 to consider changes in inflation, foreign exchange, gas prices, available generation capacity, and CAPEX required to evacuate and distribute the said available generation capacity in accordance with EPSRA and other extant industry rules.

“This notice is hereby issued in compliance with the provisions of EPSRA, the Business Rules of the Commission and the Regulations on Procedures for Electricity Tariff Reviews in the Nigerian Electricity Supply Industry to solicit for comments from the general public on the proposed reviews.

“Stakeholders and the general public are invited to send their comments to the Commission within 21 days from the date of this publication.”

In November 2020, DisCos began implementation of a service-based reflective tariff (SRT) structure nationwide after receiving approval from President Muhammadu Buhari.

A month after, the NERC approved an increase in electricity tariff across the country beginning from January 1 — with the exception of customers who are being served less than an average of 12 hours per day in a given month.

Next Post
Addax: Senator Magnus Abe affronted Buhari, goofed, By Yamai John

Addax: Senator Magnus Abe affronted Buhari, goofed, By Yamai John

More Articles...

Governor Soludo’s ANSEC set to empower cohort two of one-youth-two-skills scheme

Anyone offering to serve one term needs Psychiatric examination –Soludo

August 2, 2025
Bayo Ojulari: Presidency denies sack, forceful resignation of NNPCL GCEO

Bayo Ojulari: Presidency denies sack, forceful resignation of NNPCL GCEO

August 2, 2025
Fearless Freedom launches to tackle inequality and champion global economic inclusion

Fearless Freedom launches to tackle inequality and champion global economic inclusion

August 2, 2025
NBA Epe 2025 Law Week Was A Massive Success, Chairman, Dr. Jimoh Says

NBA Epe 2025 Law Week Was A Massive Success, Chairman, Dr. Jimoh Says

August 2, 2025
Customs CG, Adeniyi Advocates AI Integration in governance, tasks Journalists on accountability 

Tinubu extends Customs CG Adeniyi’s tenure

July 31, 2025
ICAN Fidelity Bank chapter inaugurates new chairman

ICAN Fidelity Bank chapter inaugurates new chairman

July 31, 2025

STANBIC IBTC ADVERT

About Us

Themomentng.com is an online community of reporters and social advocates dedicated to bringing you features, news reports by Africans, but from a global perspective.

Contact Us

+447771081433
+2348051966180(WhatsApp/SMS Only)
Email: themomentng@gmail.com

Categories

  • Business
  • Education
  • Entertainment
  • Events
  • Featured
  • Food
  • Foreign
  • Health
  • Interviews
  • Life and Styles
  • Metro
  • Motoring
  • News
  • Opinion
  • Politics
  • Religion
  • Society
  • Sport
  • Technology
  • Top Story

Follow Us

Facebook Twitter Instagram

Copyright © Themomentng.com. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport