Law Reports Subject Summaries NLS Handbookcases Faculty Textbookcases

market tariff

Q667. Does NERC have the power to take action if, from its monitoring duties, it is established that there is abuse of market power?Does NERC have the power to take action if, from its monitoring duties, it is established that there is abuse of market power

The NERC is not just a toothless bulldog; it bites. In the event where abuse is established, the NERC may; i. Issue a lease order as may be required. ii. Levy fine of not more than N50 million. Section 84 EPSRA 2005.

Q668. Most times electricity companies, too powerful as they are in the monopolistic environment they operate in Nigeria, abuse their responsibility, especially as regards to market tariff. How does the NERC monitor these excesses

In discharging its onerous responsibility of monitoring electricity business and markets to determine whether there is abuse of market power, the NERC does the following; i. Require information from the licensee regarding the market tariff. ii. Undertakes inquires. iii. Establish a contact with an independent entity to provide monitoring services. Section 82(6) EPSRA 2005