Govt to subsidise electricity to poor consumers, bridge metering gap

 

THE Nigerian Electricity Regulatory Commission (NERC) is working with the Federal Ministry of Finance to fine-tune the establishment of a Power Consumer Assistance Fund (PCAF) that would subsidise power supply to underprivileged consumers.

The underprivileged power consumers, according to NERC, are those who may not be able to pay for electricity services as a result of the new tariff.

And in preparation for the post-privatization of 17 successor-companies of the Power Holding Company of Nigeria (PHCN) and their transfer to private concerns, the Federal Government is strengthening the powers of its regulatory agencies for effective monitoring and evaluation.

Read more...