The Nigerian Electricity Regulatory Commission has assured that it would take another look at tariff computation in order to properly diagnose the issue and find lasting solution.
According to the new Chairman of NERC, James Momoh, all necessary calculations on electricity tariff will be done by the Commission to get the right amounts to be paid by power consumers across the country.
Momoh spoke on the sidelines of his inauguration by the Minister of Power, Works and Housing, Babatunde Fashola, at the Ministry’s Headquarters in Abuja.
He noted that power tariff challenges were solvable, adding that his team would use lessons learnt in the past to address the problems confronting the sector.
He said, “If we are able to teach people to know why things go wrong, perhaps we will learn from our mistakes. We will look back and use lessons learnt yesterday to solve tomorrow’s problems. We must begin to anticipate problems so that we can provide solutions. The tariff is just an example. It is not a challenge that you cannot solve.
“It happened, you learnt something about it last week; so, you don’t have to re-learn the same lesson today. We should be able to ask questions to avoid the problem.
“We have something called data science – the new thinking in the world, where we have idea of you collecting data, you learn from the information and you predict the future. If we don’t do that, we will be wasting our time,” he said.
When asked if his Administration would look into the tarrif issue, Mommoh said:, “We have no choice, we have to look at what computes a tariff. It is not a guess work; there is a calculation you do to get there; so, that is an idea.”
