While the pains of fuel subsidy removal still linger, the Federal Government, on Thursday, announced that the 11 power distribution companies in Nigeria have applied for the review of their various electricity tariffs in order to incorporate the changes in the macroeconomic parameters across the country.
It disclosed this through a notice published by the Nigeria Electricity Regulatory Commission. It added that the Discos also stated their reasons for the rate review were premised on factors affecting the quality of service, operations and sustainability of the companies.
In the notice obtained by Channels Television, NERC stated that Discos request for rate review is in pursuant to Section 116 (1) and 2(a&b) of the Electricity Act 2023 and other extant rules.
