
These weekend,the Nigerian Electricity Regulatory Commission {NERC} at the weekend said that after duly considering the various individual electricity tarriff submissions of the 11 electricity distribution companies {Disco} in Nigeria's electricity market,the new tariffs will be ready and signed off for use this week.Though techinical details of the new tariff structure have been finalised by the regulator,NERC said at a workshop in Abuja that a final regulatory meeting would be held in the week to conclude the process and then sign it off.NERC Chairman,Dr Sam Amadi said that the regulator had held meetiings with Discos to finalise on their respective tariff proposals.He said that the commission had gotten feed backs from both government,the Disco and would now conclude the process.''We have gone to the Discos,gotten feedback,gone to government and gotten feedback.We have not finalised.In our view,we have basically done the crunching of numbers.It is not about tariff increase,it is also not about their financial outlaw.We have done the technical work,remaining the regulatory work,by next week,we should sign off on the new tariff''.
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