Business

Key factors to consider in setting up the framework for the implementation of the PCAF

The Power Consumer Assistance Fund (PCAF) established under the repealed Electric Power Sector Reform Act, of 2005 is yet to be operational after 19 (Nineteen) years.


The PCAF was created pursuant to section 122 of the Electricity Act to subsidize underprivileged consumers as may be specified by the Minister and will be funded by contributions from eligible customers and consumers, as well as subsidies received by the FGN as appropriated by the National Assembly.


Funds in the PCAF will be managed and disbursed by NERC in accordance with policy directions issued by the Minister.