ELECTRIC POWER SECTOR REFORM ACT

Section 28: Ministerial directives respecting competition transition charges.

2005Section 28 of 101Federal Republic of Nigeria

If the Minister determines, following consultation with the President, that a directive given under section 27 will result in decreasing electricity prices to such an extent that a trading licensee or a distribution licensee would have inadequate revenue to enable payment for its committed expenditures or is unable to earn permitted rates of return on its assets, despite its efficient management, the Minister may issue further directives to the Commission on the collection of a competition transition charges from consumers and eligible customers, the distribution of the funds collected to the trading licensee described in section 25 (a) and to distribution licensees, and the duration of the competition transition charge.

Cite this section

Section 28, ELECTRIC POWER SECTOR REFORM ACT (2005).

https://repo.podus.ai/laws/electric-power-sector-reform-act/section/28/