Business

NERC plans tariff for solar power

Published

8 years ago

May 16, 2016

Solar power consumption may soon be captured in the electricity tariff regime, Ripples Nigeria has learnt.

The final details of this proposal is being worked out by the Nigerian Electricity Regulatory Commission (NERC), Transmission Company of Nigeria (TCN) and the Nigerian Bulk Electricity

Trading Company (NBET).

Ripples Nigeria also gathered that the NERC hopes to determine the competitive pricing of solar power into the tariff regime.

The decision was part of the highlight of Minister of Power, Works and Housing, Babatunde Raji Fashola meeting with

representatives of Ministry of Federal Capital Territory, State Governments, NBET, Distribution Companies (DISCOs) and prospective solar power promoters/sponsors and investors in Abuja on Monday.

In the communiqué issued at the meeting, the minister urged on solar power promoters/sponsors in the country to find lasting solutions to issues hindering the operations of 16 solar power projects across the country, which has the potential to generate

1300MW to the national grid.

It noted that the participants agreed that the meeting is timely.

The16 projects with a total of 1,300 MW capacity have been unable to progress because of lack of bankable Power Purchase Agreements (PPAs).

Besides, solar sponsors have expressed concern and frustration that bankable PPAs have not been signed after so many years of negotiations with NBET.

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