Expect Tariff Review Every Six Months – NERC Confirms Electricity Subsidy Removal
The Nigerian Electricity Regulatory Commission (NERC) has confirmed the removal of electricity subsidies by the federal government.
Sanusi Garba, NERC chairman in his speech on Wednesday March 16, said the commission played a role in ensuring that tariff rates were regulated. Garba who revealed that adjustment was made in February following underlying economic considerations, added that tariff adjustment was straightforward and distribution companies are expected to inform their customers of the changes.
“Now subsidy is a policy issue determined by the government. The government will decide that the rates calculated or agreed by the regulator may at this time not be passed on to consumers. It has happened many times