Reform Tracker | PSRP

REFORM TRACKER

wdt_ID	STATUS	REFORM ACTIVITY	UPDATE	OUTCOME
1		DisCos to prepare and implement Performance Improvement Plans (PIPs) to reduce losses and improve efficiency.	DisCos submit PIPs by September 2021 deadline.	Improve reliability of electricity supply.
2		NERC approves and monitors PIP implementation.	NERC approves PIPs in December 2021.	Improve reliability of electricity supply.
3		Business continuity arrangements are implemented for DisCos.	Business continuity arrangements under review by NERC management.	Improve reliability of electricity supply.
4		Engagement with stakeholders and communication with citizens is improved.	NERC holds engagements with the media, civil society organisations, public-private sector operatives on the PSRP in April 2022.	Increases awareness about the PSRP and secures the buy-in of the public.
5		Engagement with stakeholders and communication with citizens is improved.	The PSRP website which serves as a hub for information and data about the PSRP is launched in April 2022.	Improve reliability of electricity supply.
6		A credible and sustainable plan to cover tariff shortfalls is approved and executed.	A credible Financing Plan for the PSRP Programme that identifies how tariff shortfalls will be paid and promotes sustainable growth of the Nigerian Electricity Supply Industry, was approved in July 2022.	Sustain the growth of the sector.
7		End-user electricity tariffs are adjusted consistent with the PSRP Financing Plan, including its measures for protection of the poor.	Release of Multi Year Tariff Order (MYTO) that will be effective from July 1, 2022, was approved in June 2022. It increases the amount of energy will be delivered to DisCos.	Improve reliability of electricity supply.
8		Payment discipline is enforced on DisCos to reduce non-tariff shortfalls.	NERC defined minimum remittance thresholds (MRTs), or the minimum payments, from each DisCo to Nigerian Bulk Electricity Energy Trading Company (NBET) and will monitor and enforce DisCos’ payment discipline in December 2021.	Strengthens the financial books of the DisCos.
9		Financial and operational transparency of DisCos is improved.	NERC publishes links to the most updated financial statements of DisCos on its website and PSRP website in April 2022.	Improve sector transparency and accountability.