The Nigeria Electricity Distribution Companies (DisCos) has hinted Nigerian on possibility of hike in price of electricity as Nigerian Electricity Regulatory Commission (NERC) made a directives to increase their tariff.
In a letter titled; “Tariff Increase Notification”, the NERC gave the electricity distrubutors in the country the leverage to charge a service-based tariff starting from Wednesday September 1, 2021,
A document from the Eko Electricity Distribution Company, with reference number 023/EKEDP/GMCLR/0025/2021 shows that the tariff would increase between N42.44 to 58.94 depending on their class, TheNation reports.
The electricity distribution company has reportedly informed its customers on the decision of upward tariff adjustment effective from 1st September 2021.
Also, in a document signed by the Eko DisCo, the company’s General Manager, Loss Reduction, Olumide Anthony-Jerome said, “This is to officially notify you that there will be an increase in electricity tariff with effect from 1st September 2021. This increase is as a result of nationwide mandate to implement the Service Based Tariff approved by our regulator NERC”
The energy distributor company has also informed its metered customers on the development asking them “to adjust the rates accordingly to reflect the new tariff increase as released by NERC.”