The Nigerian Electricity Regulatory Commission, NERC, has put into operation a Multi-Year Tariff Order, MYTO, for the determination of the cost of electricity sold by distribution/retail companies for the period 1 June 2012 to 31 May 2017.
There is a specific tariff for each of the 11 electricity distribution companies, discos. The tariff covers each year of the five-year period, namely, 1 June 2012 to 31 May 2013, 1 June 2013 to 31 May 2014, 1 June 2014 to 31 May 2015, 1 June 2015 to 31 May 2016 and 1 June 2016 to 31 May 2017.
The charges are in two parts, there is a fixed monthly charge and there is a charge for electricity consumption, the energy charge.
