The Nigerian Electricity Regulatory Commission has said that it has concluded plans to fund revenue gap and accumulated tariff deficits, as well as tackle market liquidity as its 2019 key
plans.
NERC is an independent regulatory body created by the Electric Power Reform Act of 2005 for the purpose of regulating the Nigerian power sector.
While highlighting some of the key regulatory initiatives, which it hopes will position the electricity market for growth in Lagos recently, the regulatory body said it planned to close the metering gap, which was currently prevalent across the country, stating that strategies were already in place to ensure that this happened this
year.
The commission, however, revealed that it had set aside March 31, 2019 as the deadline for all the power distribution companies in Nigeria to complete the enumeration of their customers.
“The Commission will also accelerate the completion of ongoing customer enumeration,” it
said.
The NERC also presented its regulatory initiatives planned for implementation in the year 2019 with a primary focus on improving market liquidity, funding of the revenue gap and accumulated tariff deficits
in the books of the electricity distribution
companies.
The Commission reiterated the urgency to close metering gap and highlighted the strategies put in place for accelerated metering of end-use customers, under the Meter Asset Provider Regulations.
“The commission will continually remain committed to safety approaches through compliance and monitoring, and also committed to serving its customers better by swiftly resolving all customer service issues; which by the way are too numerous,” it
added.
The Nigerian Electricity Regulatory Agency said it would hold a one-day stakeholders’ meeting in the first quarter of 2019. The meeting will serve as a platform for stakeholders to make rule-making consultations for competition transition charge and stakeholder engagement on the provisions of the eligible customer’s regulation.
