Nigerians to receive electricity tariff hike as new year gift as DisCos review price
There are strong indications that the electricity distribution companies (DisCos) in the country will hike their tariffs with effect from January 1.
An official source from one of the electricity distribution companies who confirmed the development under the condition of anonymity said a virtual emergency meeting was held in that regard.
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“All has been perfected for the new tariff to take effect from the first of January, 2024.
“It is now left for various electricity distribution companies to enlighten their customers on new developments,” the source said.
He said the National Electricity Regulatory Commission (NERC) had already invited distribution companies for a meeting on the development.
He expressed fear that while it is mandatory for electricity distribution companies to regularly evaluate tariffs every six months, the recent increase would meet customers’ dissatisfaction.
“In fact, we were perturbed by the short notice and how we would reach out to our customers about the increase,” he said.
Asked how much the increase would be, he said, “No idea so far, but the uncertainty has put us in a difficult situation.”
When contacted, another source from the TCN told Daily Trust on Sunday that only the NERC would have an idea of how much the increase would be.
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Information is presented to the best of our knowledge and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability concerning the website or the information, products, services, or related graphics contained on the website for any purpose. Therefore, any reliance you place on such information is strictly at your own risk.
