Section 122 Electricity Act 2023

Section 122 of the Electricity Act 2023 is about Establishment of the Power Consumer Assistance Fund. It is under Part XV (The Power Consumer Assistance Fund) of the Act.

(1) There is established the Power Consumer Assistance Fund (in this Act referred to
as “PCAF”) to be used for the purposes specified in subsection (4).

(2) The Commission shall keep and manage the money and assets of the PCAF and
shall handle the procedures for disbursement from the PCAF under this Act.

(3) The Power Consumer Assistance Fund shall consist of the following capital and
assets —
(a) the contributions delivered under this section; and
(b) any subsidies received from the Federal Government of Nigeria as
appropriated by fae National Assembly.

(4) The PCAF shall be used to subsidise underprivileged power consumers as specified
by the Minister in consultation with the Commission.