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The Nigerian Electricity Regulatory Commission has announced that another tariff review for Nigeria’s 11 power distribution companies would hold in July.

todayApril 27, 2021 1

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The Nigerian Electricity Regulatory Commission has announced that another tariff review for Nigeria’s 11 power distribution companies would hold in July.

It disclosed this in its notice of Minor and Extraordinary Review of Tariffs for Electricity Transmission and Distribution Companies, a development that might lead to a rise in the tariffs payable by electricity users.

The commission explained that the extraordinary tariff review was as a result of changes in inflation, foreign exchange, gas prices, available generation capacity and capital expenditure.

It said the Multi Year Tariff Order provided for minor reviews in every six months and major reviews in every five years.

The commission, however, stated that extraordinary tariff reviews where done in instances where industry parameters had changed.

Written by: EaglesFM

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The global oil benchmark, Brent crude, declined on Monday as the Organisation of the Petroleum Exporting Countries and its allies indicated that it was watching surging COVID-19 cases in India, the world’s third-biggest oil importer.

The global oil benchmark, Brent crude, declined on Monday as the Organisation of the Petroleum Exporting Countries and its allies indicated that it was watching surging COVID-19 cases in India, the world’s third-biggest oil importer.   Brent crude, against which Nigeria’s crude oil priced, went down by $0.49 to $65.62 per barrel as at 8:31pm Nigerian time on Monday, according to EnergyIntel.   The US West Texas Intermediate crude also […]

todayApril 27, 2021 1

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