A review of electricity tariff is due in July for the 11 Discos in Nigeria, the Nigerian Electricity Regulatory Commission (NERC) has announced.
This was contained in the Commission’s notice of Minor and Extraordinary Review of Tariffs for Electricity Transmission and Distribution Companies. This review is likely to increase the tariff to be paid by consumers of electricity. This review, according to the regulatory body, was necessary on account of the surrounding economic realities in the country, some of which include prices of gas, inflation, foreign exchange, generation capacity, capital expenditure and so on.
The Punch reports that according to the Commission, “Further to the above, the commission held series of public hearings and stakeholder consultations in the first quarter of 2020 on the Extraordinary Tariff Review Applications of the 11 electricity distribution companies to consider their respective five-year Performance Improvement Plans.”
The online report continues, “The commission said it would also consider the capital expenditure required to evacuate and distribute the said available generation capacity in accordance with power sector Act and other extant industry rules.
“It invited stakeholders and the general public to send their comments to the commission within 21 days from the date of the publication,” it concluded.
Azuka Edokobi is a Writer and Entrepreneur