NERC Set to Announce New Tariffs
The count down for the electricity industry regulator, the Nigerian Electricity Regulatory Commission, NERC, to announce the much awaited and operator -obsessed and consumer- despised tariff increase has begun.
The announcement is expected anytime from now. The operators have been agitating for the increase which to them should be cost reflective to ensure that they remain in business and are liquid in terms of funding for their various operations.
On the other-hand, electricity consumers and consumer groups have vehemently argued against any increment in tariff at least for now since power supply has not really improved. They see any increase in tariffs as going to increase the cost of doing business in Nigeria as well as the the discomfort of the people.
NERC however said that as a responsible industry regulator, its decision would be favorable to all stakeholders if not in the short run, but ultimately in the long run.