The Nigerian Electricity Regulatory Commission (NERC) has announced that another tariff review for Nigeria’s 11 power distribution companies would hold in July 2021.
NERC disclosed this on Monday in its notice of Minor and Extraordinary Review of Tariffs for Electricity Transmission and Distribution Companies.
This development might lead to a rise in the tariffs paid by electricity users.
The commission explained that the extraordinary tariff review was as due to changes in inflation, foreign exchange, gas prices, available generation capacity and capital expenditure.
It said, “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.”
It stated that based on the above, the notice was issued to inform the general public and industry stakeholders of the commission’s intention to conclude the extraordinary tariff review process for the Discos.
