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Nigeria plots way out of darkness with new service-reflective tariff plan

... DisCos to compensate customers if they renege on service agreement … Must remit 90% of obligation to the electricity market … Must remit 90% returns to electricity market

From July 1, 2020 electricity customers in Nigeria will begin paying for electricity based on how long they receive power daily as the Nigerian Electricity Supply Industry (NESI) will undertake a new methodology for determining how bills are structured. BusinessDay gathered from sources in the Federal Government that the Nigerian Electricity Regulatory Commission (NERC) has…

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