NERC’s New Electricity Tariffs Regime Take Off On Monday, Introduces MYTO Scheme.

The acting Chairman of the Nigerian Electricity Regulatory Commission, NERC, Dr. Anthony Akah disclosed on Thursday that the new tariffs on electricity consumptions across the country aimed at enabling the generation, transmission and distribution companies to acquire necessary infrastructures towards service delivery will take effect on Monday.  

Akah stated this when he paid a courtesy visit along with top executives of the Commission to the National Orientation Agency, NOA, in Abuja Headquarters adding that inadequate infrastructures which resulted from inappropriate pricing template had hindered the sector from qualitative service delivery to its teeming consumers which has negatively affected the socio-economic development of the country.

The NERC boss assured that with the new tariffs and ‘Multi Year Tariff Order, MYTO in place, the power companies have been indirectly empowered to make progress which automatically will benefit the consumers and society at large.

Emphatically, Akah stated that with the MYTO scheme, all premises must be metered and consumers who subscribe to metering models must be supplied with prepaid meters within 60 days from date of payment adding that on the failure of such subscribers to be supplied with meters accordingly, they would neither be disconnected nor charged on estimation.

In addition, he stated that the commission has put in place a Power Consumer Assistance Fund, PCAF as a platform to cater for the electricity needs of the less-privileged class in the country.

However, it has been discovered that in view of the MYTO scheme set to become effective next week, the Distribution Companies, DISCOs served most of its consumers across the country with outrageous ‘crazy’ bills which would constitute a barrier to the consumers who expectedly would liquidate the outstanding bills on accounts prior to migration.