Electricity is a Product that Should be Rightly Priced – NERC
The Ag. Chief Executive Officer of the Nigerian Electricity Regulatory Commission (NERC) Dr Anthony Akah, has said that electricity must be priced rightly. He reiterated this when he paid a courtesy call on the Director General, National Environmental Standards and Regulations Enforcement Agency (NESREA) as part of the Commission’s engagement with strategic institutions in Nigeria.
He said the functions of the Nigerian Electricity Regulatory Commission (NERC), includes protection of consumers and to ensure that providers of electricity are allowed to make reasonable profit from their businesses.
Dr Akah said that the Commission should never be seen as siding with either the consumers or the market participants, rather it works to create a level playing field for all market participants and other stakeholders. “The Commission promotes competition for market practices based on the realities in the sector and the dynamics of the economy. Power is a product and should be rightly priced. NERC ensures best practices in power.” He added that the new tariff is to provide fair return on investment in the value chain.
He told his host that the impact of the Commission needed to be felt across the country, thus the need for collaboration with NESREA for the purpose of sustained energy efficiency.
The DG, NESREA welcomed the visit and informed the delegation that the agency looks at the impact of generation and distribution and the disposal of waste that may arise from those facilities. According to him, NESREA mission is for a clean Nigeria. It was mutually agreed that NERC and NESREA will be forming a task team for the realization of their common goal.
Meanwhile, the management of Nigerian Electricity Regulatory Commission (NERC) has confirmed compliance with its Order mandating the Abuja Electricity Distribution Company (AEDC) to compensate the family of James Yakubu over the electrocution of their daughter, Miss Faith Yakubu.
According to a release from NERC, Abuja Electricity Distribution Company in a letter dated Wednesday, 10th February, 2016, informed the Commission of the payment of compensation to the family of the electrocution victim in Gwagwalada Area Council of the Federal Capital Territory.
It would be recalled that the Commission, in a statement last year, informed the public of the monetary compensation imposed on AEDC following the death of the 8 year old Faith Yakubu, after the company was found liable of negligence. On 3rd September, 2015, Abuja Disco reported the electrocution of the deceased which incident occurred on Tuesday, 11 August, 2015.
The Commission immediately constituted an Accident Investigation Team which submitted adetailed report that showed that staff of AEDC embarked on electricity revenue drive at Anguwan Dodo area of Gwagwalada in August, last year. Findings indicated that the whole area was disconnected from the main source, but the energized 0. 415kv conductor was left lying on the ground. Miss Faith Yakubu, who had her four month younger brother strapped on her back; came in contact with the live wire that electrocuted her, but the brother survived.
In NERC’s Order NO: NERC/141, it compel AEDC to compensate the family. ‘’AEDC should compensate the family of the deceased, Miss Faith Yakubu for causing the untimely death of their child’’.
The Order also gave the directives, that ‘’ the staff of AEDC found negligent should be disciplined appropriately; and that other staff of the electricity firm should be trained on all NERC regulations. This is in addition to ensuring that all its marketing units are provided with competent technical staff only to carry out the functions of connection and disconnections including enlightenment campaigns as provided in NERC’s Safety Manual and Safety Code.’’. The Commission also received confirmation from the Abuja Disco, which stated that it funding the medical treatment of the surviving son, Bamaiyi Yakubu, immediately after the incident occurred, was incurred by the utility company.