NERC Chairman, Sam Amadi
Chineme Okafor
The Nigerian Electricity Regulatory Commission (NERC) said its proposed Power Consumer Assistance Fund (PCAF) will come into existence within the second quarter (Q2) of 2013.
The Fund is expected to help cushion the cost of electricity consumed by certain categories of electricity consumers.
Chairman of NERC, Dr. Sam Amadi, told THISDAY in a telephone conversation in Abuja that the structured PCAF would be ready for implementation in the deregulated Nigerian Electricity Supply Industry (NESI) in Q2 and early enough to align with the final conclusion of the ongoing privatisation exercise in the sector.
Amadi, who noted that the seeming non-existence of a structured subsidy administration mechanism in the form of the proposed PCAF in the sector does not immediately pose threats to the survival of NESI, also stated that the Commission had initially concluded the process of engaging consultants to support it in the immediate development of processes and procedures for the setting up of the PCAF, but was asked by the Bureau of Public Procurement (BPP) to review the process again.
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