Nigerians to pay more for electricity as NERC sets January 1 - TopicsExpress

Nigerians to pay more for electricity as NERC sets January 1 date A new Multi Year Tariff Order (MYTO) 2 regime has been approved for the electricity sector by the Nigerian Electricity Regulatory Commission (NERC), weeks after it denied that electricity tariff has been jacked up. NERC in a statement on Wednesday in Abuja said the review will have an implication for takeoff date for a disciplined electricity market by January 1, 2015. “With the commencement of MYTO 2.1, the Commission will now progressively hold electricity distribution, transmission, generation companies as well as other market operators to the terms and conditions of their licences”, NERC said.

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