NERC may extend take-off date for new electricity tariffs
There are strong indications that the Nigerian Electricity
Regulatory Commission (NERC) may shift the February 1, 2016 take-off
date for the implementation of the new electricity tariff to a later
date, ThisDay reports.
The plan to potentially postpone the implementation of the new tariff, stems partly from the sustained opposition by the House of Representatives to the tariff hike and the sudden expiration of the tenure of office of the Chairman of NERC and other commissioners shortly after the approval of the new tariff regime. The current situation means that it may be difficult for the career staff of the commission to resist the law makers and defend the new price regime.
The lower chamber plans to summon NERC immediately it resumes session to explain why it embarked on the review in flagrant violation of its resolution. However, it is expected that with the strong backing of the Vice President, Prof. Yemi Osibanjo and the Minister of Power, Works and Housing, Mr. Babatunde Fashola, the agency will be able to successfully push its agenda before the law makers.
The plan to potentially postpone the implementation of the new tariff, stems partly from the sustained opposition by the House of Representatives to the tariff hike and the sudden expiration of the tenure of office of the Chairman of NERC and other commissioners shortly after the approval of the new tariff regime. The current situation means that it may be difficult for the career staff of the commission to resist the law makers and defend the new price regime.
The lower chamber plans to summon NERC immediately it resumes session to explain why it embarked on the review in flagrant violation of its resolution. However, it is expected that with the strong backing of the Vice President, Prof. Yemi Osibanjo and the Minister of Power, Works and Housing, Mr. Babatunde Fashola, the agency will be able to successfully push its agenda before the law makers.
NERC may extend take-off date for new electricity tariffs
![NERC may extend take-off date for new electricity tariffs]()
Reviewed by Queency
on
12:21:00
Rating:
