DisCos Move for Power Tariff Increment

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Electricity Distribution Companies (DisCos) in Nigeria have moved toward the Nigeria Electricity Regulatory Commission (NERC) for tariff increment, as per an assertion by the regulator, yesterday. As per the assertion, the 11 DisCos application is relied on the need to guarantee the power rate is in a state of harmony with current macroeconomic elements.

In the articulation which peruses to some degree, the controller expressed, “As per Segment 116 (1) and 2(a&b) of the electricity Act 2023 and other extant rules, the eleven (11) replacement electricity distribution companies (DisCos) have filed an application for rate review with the Nigerian Electricity Regulatory Commission (“NERC” or the “Commission”).

“The solicitation for rate review is prefaced on the need to consolidate changes in macroeconomic boundaries and different elements influencing the nature of administration, tasks and maintainability of the organizations.”

NERC likewise utilized the medium to approach individuals from people in general and partners to add their remarks to the rate review applications recorded by the DisCos.

“As needs be, the Commission thus welcomes the overall general public for remarks on the rate review applications by the distribution licensees.

“Interested partners or stakeholders are encouraged to review and think about the extracts of the Rate review Applications documented with the Commission by the respective licensees. The applications can be gotten to on the Commission’s site at www.nerc.gov.ng.”

Moreover, the Commission said it will direct a rate case hearing and stretch out support to individuals from the public who are intrigued.
“As a component of the standard making process and in the activity of the powers gave by the Power Act, the Commission will direct a Rate Case Hearing on the applications preceding making a decision.

“Any individual wishing to partake in the procedures as an intervenor ought to advance his/her application to tariff@nerc.gov.ng before the end of business on twentieth July 2023.”

Since last month, the tumult for an expansion in power tariff by 40% viable July 1, 2023 had leased the air. Discos like the Abuja Electricity Distribution Company (AEDC) have reported an increment prior to backtracking.
The NERC likewise uncovered that the proposed plan was anticipating endorsement from the President before execution.
The climb, was in light of the increase in the pump price of petroleum occasioned by the expulsion of Subsidy. according to the Commission.


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