Nigerian Electricity Regulatory Commission Nerc

The nigerian electricity regulatory commission nerc declared last night that electricity tariff reviews going forward will only follow service based principles.

Nigerian electricity regulatory commission nerc.

Nigerian electricity regulatory commission nerc is an independent regulatory body with authority for the regulation of the electric power industry in nigeria. In a surprise move the nigerian electricity regulatory commission has approved an increase in electricity tariff with effect from september 1 2020 today. This comes three months after the. The nigerian electricity regulatory commission has clarified that the outstanding electricity bills of landlords are not to be enforced on new tenants.

Nigerian electricity regulatory commission nerc is an independent regulatory body with authority for the regulation of the electric power industry in nigeria 12 03 2020 the commissioner consumer affairs dr moses arigu received the corporate award on behalf of the chairman ceo prof james momoh while the individual award was received by the. The nerc s commissioner finance and management. Nerc r 0110a nigerian electricity regulatory commission in exercise of the powers to make regulations conferred by section 96 1 2 c d of the electric power sector reform act 2005 act no. The nigerian electricity regulatory commission also nerc is regarded as an independent regulatory agency in nigeria which was inaugurated and established on the 31st of october 2005 as provided in the electric power sector reform act 2005 as amended by the law the commission is widely perceived in the country as the mouth piece of the populace whom has the sole regulatory mandate to monitor.

Nerc was formed in 2005 under the obasanjo administration s economic reform agenda through the electric power sector reform act 2005 for formation and review of electricity tariffs transparent policies regarding subsidies. The nigerian electricity regulatory commission has said the power distribution companies will be liable to capacity charge for failure to take their entire load allocation caused by constraints in. The nerc commissioner finance and. Nigerian electricity regulatory commission nerc is an independent regulatory body with authority for the regulation of the electric power industry in nigeria.