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Section 117 Nigerian Electricity Act 2023

Section 117 Electricity Act 2023

Section 117 of the Electricity Act 2023 is about Provision of electricity subsidy by government. It is under Part XI (Tariffs and Subsidies) of the Act.

(1) Notwithstanding anything contained in this Act, if the Federal or State Government, as the case may be, desires to grant any subsidy to any consumer or class of consumers in the tariff determined by the Commission under this Act, such subsidy by the Federal or State Government or cross subsidies shall, in order to avoid undue
exposure of licensees to speculative revenues, be implemented within the Power Consumer Assistance Fund established under this Act.

(2) The Commission shall ensure strict implementation of cross-subsidies and facilitate gradual reduction in cross-subsidies with the aim of entirely eliminating cross-subsidies before the declaration of the commencement of a long-term market stage under this Act.

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