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July 12, 2024 SS

NERC Holds Petition Hearing For Hotel Operators

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The Nigerian Electricity Regulatory Commission (NERC) heard a petition by the Hotel Owners and Managers Association of Lagos (HOMAL) on Thursday. The association led by its Director General, Adeniyi Ologun, and its legal representative, Prof. Adeola Sanni SAN, submitted that the complaint was in respect of the two Supplementary Multi-Year Tariff Orders (MYTO) approved by NERC in April 2024 and May 2024.
They cited a lack of consultations by the respective Distribution Companies (DisCos) before the tariff methodology was reviewed, among other issues.
The chairman of the petition hearing panel and the Vice Chairman of NERC declared that there was no arbitrariness in the tariff review and that all procedural actions were taken, including stakeholders’ consultations - the rate case hearing. The Commission also states that the current methodology which is the MYTO has not been reviewed contrary to the position of the petition; parameters that include foreign exchange rates and inflation formed the inputs.
The petitioners did not join the DisCos in their petition when their complaints were about them.
The Commission will make a ruling that will address the issues around the type of tariff review, the basis for the review, and the procedures for implementing the existing tariff methodology.
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