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DISCOs and NERC Refute Reports of New Year Electricity Tariff Hike

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DISCOs and NERC Refute Reports of New Year Electricity Tariff Hike

Electricity distribution companies (DISCOs) in Nigeria and the Nigerian Electricity Regulatory Commission (NERC) have categorically denied reports of an impending increase in electricity tariffs commencing January 1, 2024.

The denial comes in response to earlier claims suggesting that DISCOs had finalized plans to raise electricity tariffs at the start of the new year.

Officials from various DISCOs, including the Head of Corporate Communications at Jos Electricity Distribution Company, Adekole Elijah, refuted the rumours, stating that they had not received any directive or order regarding tariff hikes.

Elijah emphasized that the information circulating remained unconfirmed, and until a formal directive is issued by the government or NERC, no tariff increase will be implemented.

Similarly, Emeka Ezeh, the Head of Communications at Enugu Electricity Distribution Company, emphasized that any tariff hike must receive approval from NERC. As of the current moment, no such approval has been received. He clarified that without a directive from NERC, which is usually issued as a regulatory order, DISCOs cannot implement any tariff increase.

In response to the reports, an official from NERC affirmed that the commission had not issued any order for a tariff hike. However, the official hinted that minor tariff reviews were typically conducted every six months.

The collective denial from DISCOs and NERC aims to dispel rumours surrounding an electricity tariff increase, emphasizing the necessity of regulatory authorities’ official directives for any tariff changes.

#ElectricityTariff #NigeriaDISCOs #NERC #EnergySector #TariffReview

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