System Operations Unit News Today

READ ALSO: No Plan To Raise Electricity Tariffs – NERC

Despite that the Electricity Distribution Companies (DisCos) have little or no investment in the electricity sector, the Nigerian Electricity Regulatory Commission (NERC) has approved new electricity tariffs for the 11 distribution companies in the country.   The new tariffs which take effect from January 2024, come exactly one year after the companies increased tariffs and barely four months after the regulator increased the price for meters.  

The Nigerian Electricity Regulatory Commission (NERC) has officially cleared the air, dismissing widespread rumours of an increase in electricity tariffs

A purported circular from Abuja, Eko and Ikeja Electric to their customers and seen by The PUNCH said, “Electricity units were set to jump by 30-40 per cent in just over a week.”

The uncertainty surrounding the proposal has generated concerns among consumers and key institutions in the industry.