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No steady power supply unless tariff rises – NERC


The Nigerian Electricity Regulatory Commission on Wednesday declared that without an increase in electricity tariff payable by consumers or an intervention in form of subsidy from the Federal Government to the power firms, the country would not be able to get the steady power supply.

The Acting Chairman/Chief Executive of NERC, Dr. Tony Akah, said there was no miracle that the commission could do to ensure steady power supply, stressing that this was particularly due to the liquidity problem in the sector.

To address the financial shortfall, he said a cost-reflective tariff or subsidy must be provided for operators in the power business.

Citing an instance, Akah stated that the power regulator in Ghana increased the country’s electricity tariff after a new technology was acquired and that since then, the power situation there had improved.


SOURCE: Punch NG


 

Tags: Nerc  Tariff  Electricity  Power