NERC approves new tariff review applications, Capex for DISCOs

This was contrary to the earlier position of the Minister of Power, Engr. Sale Mamman, who at the weekend allayed consumers’ fear there will be no significant tariff increase.

The NERC document said, IKEDC just like the other DISCOs, applied for the Commission in November 2019 for a review of the provisions for CAPEX in its Multi-Year Tariff Order, MYTO, tariffs to support the implementation of its PIP over the next five years.The order noted, “Under the Power Sector Recovery Program, PSRP, it is envisaged that the commission would implement a robust tariff review process aiming at improving performance in the Nigerian Electricity Supply Industry, NESI.

“The approved PIPs shall also form the basis for defining Key Performance Index for IKEDC for the next five years by the Commission with an emphasis on improvement in energy throughout and improving service delivery to customers”.Over the next five years, the proposed interventions will allow the company to increase the total energy supplied across IKEDC from the 2019 levels of 4,469Gwh/year to 5,263GWh/year by December 2022.

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