As NERC confirms applications for rate review, an increase in electricity tariffs is on the horizon

According to the announcement made by the Federal Government, all 11 electrical distribution firms have requested price increases.

This information was made public on Friday by the Nigerian Electricity Regulatory Commission (NERC), which announced it in a notice that was published on its website.

You may recall that there have been hints pointing toward the possibility of an increase in the price of power.

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In the notification, NERC requested that all stakeholders, including Nigerians, provide feedback on the rate review petitions submitted by the DisCos.

In the meantime, the North American Electric Reliability Corporation (NERC) stated that the necessity to reflect the macroeconomic parameters and other elements that affect the quality of service, operations, and sustainability of distribution companies is what prompted them to conduct the tariff review.

According to what was mentioned in the document, “as a consequence, the commission hereby invites the general public to comment on the rate review applications by the distribution licensees.”

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