Power Distribution Companies in Nigeria Seek Electricity Tariff Review

11 power distribution companies in Nigeria have applied for the review of their various electricity tariffs in order to incorporate the changes in the macroeconomic parameters across the country, a notice published by the Nigeria Electricity Regulatory Commission has shown.

The notice added that the Discos stated their reasons for the rate review were based on factors affecting the quality of service, operations and sustainability of the companies.

In the notice, the NERC stated that the application for rate review by the power firms was in line with the rules contained in the Electricity Act 2023.

Recall that some power distribution companies had announced in June that there would be a hike in tariff, projected to take effect from July 1, 2023.

The Discos, however, didn’t pull through with the plan after it was trailed by widespread criticisms, with arguments that the Nigerian Electricity Regulatory Commission had yet to approve the hike.

However, the NERC announced that the power firms have now applied for a review of their respective tariffs, though it described it as an application for rate review.

Punch/Hauwa Abu