The recent review of factors that form the Multi Year Tariff Order (MYTO) framework by the Nigerian Electricity Regulatory Commission (NERC) suggests that an imminent increase in electricity rates paid by consumers may be inevitable, writes Chineme Okafor
The new domestic price of $3.30 approved for gas supply to power plants by the Nigerian Electricity Regulatory Commission (NERC) and changes in other key factors that are often considered by NERC when setting electricity tariff may lead to another increase in rates paid by consumers for electricity services across the country.
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