The Enugu Electricity Regulatory Commission (EERC) has defended the recent review of electricity tariffs in the state, emphasizing that the move is essential to building a viable, investor-friendly electricity market capable of meeting Enugu’s growing power needs.
This was made known by EERC Chairman/CEO, Chijioke Okonkwo, while speaking on News Central’s Business Edge on Thursday.
Defending the commission’s decision to review the tariff, he said, “We had actually informed MainPower that we will consider your full costs, but we’ll verify it and validate it. Now, the truth is that the indices we looked at in determining their tariff happen to be the generation cost, the transmission cost, the main power’s regulatory asset base, their CapEX projection, their OPEX projection, that’s operating expenditure projection, allowable distribution loss, and cost of capital.