Business

Tariff review: NERC carpets TCN over shoddy presentation

By Obas Esiedesa

The Nigerian Electricity Regulatory Commission (NERC) on Wednesday cut short a public hearing it organized to evaluate an application by the Transmission Company of Nigeria (TCN) for extra-ordinary tariff review, due to poor presentation by the company.

NERC’s Vice Chairman, Mr. Sanusi Garba who headed the commission’s panel on the review said the presentation by TCN did not contain detailed information needed by the panel to come to a decision on the application.

Sanusi who was visibly unimpressed by the presentation made by the Market Operator, Mr. Edmund Ejeh, said the process of procurement for the Secondary Reserve (Spinning Reserve) for the National Grid ought to have been part of the presentation.

Sanusi also pointed out that the presentation failed to answer questions on the justification for a tariff review.

He therefore rescheduled the public hearing for next week Monday.

Earlier, Mr. Ejeh explained the spinning reserve was needed to make the National Grid more stable.

He said six power generation companies have been selected to provide 220 mega watts of power as secondary reserve for six months on the interim. He failed to name the six companies.

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