One of the primary functions of the Commission as contained in Section 32 (d) of the Electric Power Sector Reform (EPSR) Act, 2005 is to ensure that the prices charged by licensees are fair to customers and sufficient to allow the licensees to finance their activities and to allow for reasonable earnings for efficient operation.
In pursuant to the authority given under Section 76 of the EPSR Act 2005, the Commission established a methodology for regulating electricity prices called the Multi-Year Tariff Order (MYTO). The MYTO provides a 15 year tariff path for the Nigerian electricity industry with limited minor reviews each year in the light of changes in a limited number of parameters (such as inflation and gas prices) and major reviews every 5 years, when all of the inputs are reviewed with stakeholders
On July 1, 2008 the Commission issued the Multi-Year Tariff Order (MYTO) for the determination of charges and tariffs for electricity generation, transmission and retail tariffs over the period of 1 July 2008 to 30 June 2013.
Click here to view the latest Retail Tariff Schedule
Market Rules: Pursuant to Section 26 of the EPSR Act 2005, The Market rules were developed for amongst other things, the establishment and governance of markets related to electricity and ancilliary services.