Despite electricity tariff hike, FG to fund N545bn shortfall - News Summed Up

Despite electricity tariff hike, FG to fund N545bn shortfall


Tariff shortfall is the difference between the Discos’ revenue requirements and what they are allowed to recover from their customers by the regulator. Yola Electricity Distribution Company will suffer the biggest tariff shortfall of N68.35bn this year, while it is allowed to recover N107.99bn, according to NERC data. Abuja Electricity Distribution Company has a shortfall of N57bn, with the allowed recovery of N86.25bn. [READ ALSO] Electricity tariff hike: It’s daylight robbery, labour, others tell FGKano Electricity Distribution Company and Port Harcourt Electricity Distribution Company have tariff shortfalls of N41.68bn and N38.25bn respectively. NERC, in its latest quarterly report, said the financial viability of the Nigerian electricity supply industry remained a major challenge threatening its sustainability.


Source: Punch January 05, 2020 23:03 UTC



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