Power Sector: New Tariffs Would Be Justifiable – NERC
The Chief Executive Officer of the Nigerian Electricity Regulatory Commission, Sam Amadi has explained that the new tariffs which Nigerians will pay for improved power supply is not a means to rip them off, but will be justifiable.
He said this while speaking on Channels Television’s Business programme, Business Morning.
The handover to successor companies, which he described as significant will not deviate from the thrust of the power sector reform which is geared towards a creation of an efficient, competitive electricity market.
He stated that the process of creating that market is on-going, so Nigerian consumers should expect that there would be improvement in customer service.
The structure of the market created by the government is to ensure sustainability of a gradual and continuous increase in capacity, both in generation, distribution and transmission of power.