NERC Assures Nigerians Of Efficient Power Supply
The Nigerian Electricity Regulatory Commission (NERC) has assured Nigerians to expect more efficient power supply and not cheaper power supply as the country braces for the Competition Transition Charge in the power sector.
This was disclosed by the commissioner, Legal Licensing and Compliance of the commission, Dafe Akpeneye, during the commission's public consultation with electricity stakeholders in Calabar, at the weekend.
He said the CTC would create the platform for eligible electricity consumers who consume over two megawatts of power per hour to exit the Discos.
According to him, "This is a balancing act which will enable large scale power consumers to balance out power consumed by smaller scale users for the overall efficiency of the sector."
Akpeeye said, "The CTC will create competition in the sector where by eligible consumers can be served by the Gencos. It may not equate to cheaper power but more efficient power supply.
"If an eligible consumer decides to opt out, the CTC is the balancing mechanism and will enable large scale power consumers to balance out the power used by small scale power consumers."
He added that the commission does not do things by fiat, adding that consultation is part of their core responsibilities to Nigerians, hence the need for the consultation to carry the public along in the next phase of the country's power sector reforms.
Responding to observations from stakeholders who questioned the slow pace of development in the country's power sector, he explained that Nigeria is making progress in its power sector reforms particularly in the area of investments saying some of the Gencos, for instance, have expanded their capacities over the years.
He also disclosed that these investments do not seem to be immediately felt because the population growth outpaces investments in the sector, explaining that over six million babies are born in the country annually and for investments in the sector to be felt, it has to outpace the rate of population growth.