The Nigerian Electricity Regulatory Commission on Monday explained that another tarrif reviews for Nigeria’s 11 power distribution companies would hold in July.
This was disclosed in the commission Minor and Extraordinary Reviews of Tariffs and Electricty Transmission and Distribution Companies. This development might lead to a rise in the tarrifs payable by electricity users.
The commission noted that the tariff review become essential as a result of changes in inflation, foreign exchange, gas prices and capital expenditure. It expressed further that
the Multi Year Tariff Order provided for minor reviews in every six months and major reviews in every five years.
Statement from the commission read in part, “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.”
Stressing further, it noted that based on the above, the notice was issued to inform the general public and industry stakeholders of the commission’s plan to review the extraordinary tariffs for the Discos.
It invited stakeholders and the general public to send their comments to the commission within 21 days from the date of the publication.