Suspending New Power Tariff will kill power Sector – NERC



The Chairman, Nigerian Electricity Regulatory Commission, Dr. Sam Amadi, has raised the alarm that any attempt made to suspend the planned review of the electricity tariff regime will result in the death of the power sector.
According to reports from The Punch newspaper,Dr.Amadi said that the tariff had been spelt out in a plan covering 2012 to 2015, which was published by the commission.

He stressed that from the plan, there were stipulated tariffs for every year tied to three major milestones – quantity of power supply, foreign exchange and inflation trends.

On the call by the organised labour and other stakeholders to halt the planned increase in the electricity tariff, Amadi said it was unnecessary as the people canvassing the suspension had no good understanding of the tariff system.

“If we suspend the review of the tariff, we will only be killing the sector. Those that are saying we should suspend the review lack the capacity to understand the way the tariff system works,” he added.

Source:The Punch

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