 |
FROM
LEFT: General Manager, Legal, Licencing and Enforcement, National Elecricity
Regulatory Commission (NERC), Mrs Olufunke Dinneh; Acting Chairman/Chief
Executive Officer of NERC, Dr Anthony Akah and Deputy General Manager, NERC, Mr
Bassey Ayambem, during a news conference on the judgement of a Federal Court in
Lagos reversing the existing Electricity Tariff Regime, in Abuja on Thursday
(15/7/16). 5096/15/7/2016/TA/BJO/NAN
|
The Nigerian Electricity
Regulatory Commission (NERC) has rejected the order of the Federal High Court,
Lagos, declaring the February 1 electricity tariff raise illegal.
News
Agency of Nigeria report continues:
Justice
Mohammed Idris had on Wednesday ordered the Commission to immediately reverse
the decision as the process that led to the new tariff regime did not follow
due process.
But,
acting chairman of the commission, Anthony Akah, said in Abuja on Friday that
although the regulatory agency respected the decision of the court, it was
dissatisfied with it.
He
said the ruling represented the reversal of the commercial foundation upon
which contracts for gas, hydro, coal and solar feedstock for the production of
electricity were based.
“This
judgment, in our view, is a major setback to the progress made so far in the
electricity sector,” Mr Akah said. “Therefore, we will challenge the decision.”
He
said the commission had already instructed its lawyers to file for a stay of
execution of the order, while a notice of appeal of the judgment has been
issued.
The association of
electricity distributors had on Thursday appealed the court ruling.
No comments:
Post a Comment