Multi-Year Tariff Order (MYTO)

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

Regulations

The Commission makes Regulations prescribing all matters which are required  or necessary to be prescribed for carrying out or giving effect to the Electric Power Sector Reform Act 2005.

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Standards, Manuals & Codes

The Commission has developed and approved Standards, Manuals & Codes for the

Nigerian Electricity Industry which will be binding on applicable licencees.

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