Abuja - Nigerian Electricity Regulatory Commission (NERC) said the recent removal of distribution losses from electricity tariffs and the subsequent reduction of the amount payable by consumers was not a political move, Punch reports.
The Nigerian Electricity Regulatory Commission had announced that government will be cutting the electricity tariff by 50 percent earlier in the month.
An energy law and policy expert, Ayodele Oni, said that the decision by NERC smacked of politics and it makes no commercial sense.
Also read: Government to cut electricity tariff by 50 percent
The Managing Director, Frontier Oil Limited, Dada Thomas, said the new directive could impact on the ability of the power firms to pay gas producers and affect gas development for power.
Chairman of NERC, Sam Amadi, announced the review in Abuja, expressing that something needed to be done after industrial and commercial consumers had petitioned about the tariffs of electricity.
- News 24