Acting Chief Executive Officer, Nigerian Electricity Regulatory Commission, NERC, Dr. Anthony Akah, said electricity must be priced rightly.
He reiterated this when he paid a courtesy call on the Director- General, National Environmental Standards and Regulations Enforcement Agency, NESREA, as part of the commission’s engagement with strategic institutions in Nigeria.
He said the functions of the NERC include protection of consumers and to ensure that providers of electricity are allowed to make reasonable profit from their businesses.
Akah said the commission should never be seen as siding with either the consumers or market participants, rather it works to create a level playing field for all market participants and other stakeholders.
‘’The commission promotes competition for market practices based on the realities in the sector and the dynamics of the economy. Power is a product and should be rightly priced. NERC ensures best practice in power,’’ adding that the new tariff is to provide fair return on investment in the value chain.
He told his host that the impact of the NERC needs to be felt across the country, thus the need for collaboration with NESREA for the purpose of sustained energy efficiency.
The director-general, NESREA, welcomed the strategic visit and informed the delegation that the agency looks at the impact of generation, distribution and the disposal of waste that may arise from those facilities. According to him, NESREA’s mission is for a clean Nigeria.
NERC and NESREA will form a task team for the realisation of their common goal.

  • Austin Umerah

    Nigerian electricity regulation commission is floating with the tide. The President need to investigate and revampe the agency by putting the right peg in the right hole. the agency cannot be trusted.