The Nigerian Electricity Regulatory Commission (NERC) has commenced consultations with electricity stakeholders’ across the country’s six geopolitical zones on the review of the Multi-Year Tariff Methodology (MYTO), business continuity regulation and the eligible customer declaration regulations.
NERC said the consultation will enable the larger public make their inputs and express opinion before the commission makes final decision on the proposed regulations.
The commission in 2008 established the Multi-Year Tariff Order (MYTO) as framework to determine electricity pricing structure
The Minister of Power, Works and Housing, Babatunde Fashola, on May 15, 2017, declared the four categories of eligible customers in the electricity market.
The declaration permits electricity customers to buy power directly from the Generation Companies (GENCOS) other than directly from the Distribution Companies (DISCOS).
The consultation started in Lagos on Wednesday, while Thursday has been dedicated for the South-West region consultation.
The consultations will continue in Abuja on September 18 and 19 and later in Enugu for the South-East zone on September 20 and in Yola, for North-East zone on September 21.
The commission will also hold consultations in Jos for the North Central zone on September 27 and 28, and in Port Harcourt for the South South on September 26 and 27.
That of the North-West zone will hold in Kano on October 4 and 5.
Through the ‘business continuity for the Nigerian Electricity Supply Industry (NESI) Regulation, NERC developed new rules that could lead to the liquidation of discos who failed to meet performance agreement targets, licensing, finance and compliance obligations.