By John Ikani
11 power distribution companies operating in Nigeria have submitted applications for the revision of their electricity tariffs.
This was made known by the Nigerian Electricity Regulatory Commission (NERC) in a notice published on Friday.
The motive behind the rate review request, as explained by NERC, “is to incorporate changes in macroeconomic parameters and other factors that impact the quality of service, operations, and sustainability of these companies.”
It added that “the applications were submitted in accordance with Sections 116 (1) and 2(a) and (b) of the Electricity Act 2023, as well as other relevant regulations.”
Previously, certain power distribution companies had publicly announced their plans to raise tariffs, with the proposed increase scheduled to take effect on Saturday, July 1.
The Nigerian Labour Congress (NLC) expressed concerns about this move, urging the government to reconsider, particularly in light of the removal of the petrol subsidy and its negative impact on consumers.
Despite the calls for a halt in tariff increases, the recent notice from NERC suggests that the possibility of an increase still exists.
To ensure a fair and transparent process, NERC said it “will conduct a Rate Case Hearing to carefully assess these applications and make an informed ruling, following the procedures outlined in the Electricity Act.”
In this regard, the regulatory body has extended an invitation to the general public and all stakeholders to provide their comments and feedback on the rate review applications filed by the distribution licensees.
The regulatory body urged interested parties to review the relevant excerpts from the applications and submit their comments or representations before the close of business on Thursday, July 20.
