Mohammed Shosanya
The Nigerian Electricity Regulatory Commission says it has adopted the African Forum for Utility Regulators mini-grid Tariff Tool.
The commission announced this in a statement on Friday.
It said the tool,developed in partnership with AFUR and key stakeholders,enhances the process of determining cost-reflective tariffs for mini-grid projects to ensure fair and efficient pricing.
It added:“The tool supports implementing the amended Mini-Grid Regulations 2023 by introducing new features such as Portfolio Applications, which allows developers to register multiple mini-grid sites under a single application.
“This simplifies processes, fosters efficient regulatory oversight, and benefits from economies of scale, helping to reduce end-user tariffs for mini-grid projects.
“Furthermore, the AFUR mini-grid tariff tool is expected to be rolled out across 30 African countries in the coming years, bringing regulatory consistency to the mini-grid subsector and making it easier for project developers to operate across jurisdictions.”
The commission explained that the adoption of the new tool is expected to bring regulatory consistency to the mini-grid subsector,making it easier for project developers to operate across jurisdictions.
