The Nigerian Electricity Regulatory Commission, NERC, said on Monday, February 1, that the new electricity tariff regime (MYTO 2015) has the mechanism to meter all consumers within one year.
The Acting Head of the commission, Anthony Akah, made this known in an interview with the News Agency of Nigeria (NAN) in Abuja.
Akah said:“The new tariff, besides eliminating fixed charge, has a robust mechanism to ensure that DISCOs (Distribution Companies) fully meter their consumers and eliminate ‘crazy’ billing within one year.’’
He said that the new tariff regime if allowed to work, was a realistic tariff.
Akah said the new tariff would protect consumers’ interests and allow more efficient billing system.
He said that the tariff would also fast-track the development of the nation’s economy.
Akah added that the tariff would encourage massive metering of customers and would also reduce losses suffered by power investors.
He said that the removal of fixed charge under the new tariff was in response to electricity consumers’ complaints.
Akah said that no DISCO would connect new customers without first providing them with meters.
