NERC Planning New Power Tariff

NERC Planning New Power Tariff
Electricity Distribution plant Photo: NAECNG

The  Nigerian Electricity Regulatory Commission has said that it would look at the tariff computation to tackle the issues surrounding it.

NERC Chairman James Momoh noted this in Abuja on the sidelines of his inauguration, adding that all necessary calculations on electricity tariff will be done by the commission to get the right amounts to be paid by consumer.

According to Momoh,“If we are able to teach people to know why things go wrong, perhaps we will learn from our mistakes. We will look back and use lessons learnt yesterday to solve tomorrow’s problems.

“We must begin to anticipate problems so that we can provide solutions. The tariff is just an example. It is not a challenge that you cannot solve.

“It happened, you learnt something about it last week; so, you don’t have to re-learn the same lesson today. We should be able to ask questions to avoid the problem.

“We have something called data science – the new thinking in the world, where we have idea of you collecting data, you learn from the information and you predict the future. If we don’t do that, we will be wasting our time.”

When asked if his team would look at the tariff issue, which had dragged on for years, Mommoh replied, “We have no choice, we have to look at what computes a tariff. It is not a guess work; there is a calculation you do to get there; so, that is an idea.”

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