The Dilemma of Electricity Pricing and Cost Recovery in Nigeria: Repositioning the Law to Balance the Interests of Investors and Consumers
Authors Uzezi Okpoudhu, Dr Peter Kayode Oniemola & Dr Eddy Lenusira Wifa
Source: Africa Nazarene University Law Journal, 2019, Issue 1, p. 115 – 137
The Nigerian electricity sector has been privatised and is transitioning in a competitive market. The law requires that tariffs should be cost reflective, attractive to investors and affordable to consumers. The challenges of balancing the interests of investors and those of consumers have been a bane to the development of a competitive electricity market. The progress made in the African countries of Tanzania and Kenya is commendable. This article analyses the conflicting interests, and offers solutions on how the law could be employed to balance the interests of investors and consumers in the Nigerian electricity market.