By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NewsunplugNewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Reading: Power Tariff Hike Likely As Discos Apply For Review
Share
Notification Show More
Font ResizerAa
Font ResizerAa
NewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Search
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Have an existing account? Sign In
Follow US
Newsunplug > Blog > News > Power Tariff Hike Likely As Discos Apply For Review
News

Power Tariff Hike Likely As Discos Apply For Review

hammed
Last updated: July 14, 2023 5:30 am
hammed
Published: July 14, 2023
Share
SHARE

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 our correspondent in Abuja, the NERC stated the application for rate review by the power firms was in line with the rules contained in the Electricity Act 2023.

Recall that some power distribution companies had announced in June that there would be a hike in tariff, projected to take effect from July 1, 2023.

The Discos, however, backtracked the next day after widespread criticisms, as they stated that the Nigerian Electricity Regulatory Commission had yet to approve the hike. The development caused apprehension among power users at the time, as many prepaid consumers rushed to buy more electricity units in their meters, while anticipating a possible hike in tariff.

It was, however, observed on July 1, 2023, that the Discos did not raise the tariff, an indication that they had yet to get the approval of the power sector regulator.

But on Thursday, the NERC announced that the power firms had applied for a review of their respective tariffs, though it described it as an application for rate review.

In the notice from the regulator, it said,

“Pursuant to Section 116 (1) and 2 (a&b) of the Electricity Act 2023 and other extant rules, the 11 successor electricity distribution companies have filed an application for rate review with the Nigerian Electricity Regulatory Commission.

You Might Also Like

Canadian petition to revoke Elon Musk’s citizenship gathers more than 250,000 signatures
Eight Key Issues Determined So Far By Presidential Election Petition Tribunal
Pay our N50bn outstanding earned allowances – SSANU begs FG
2023 election won’t be disrupted – NSA
Soweto Residents In Bid To Salvage Property Before Demolitions

Quick Link

  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
TAGGED:DiscosPower Tariff Hike
Share This Article
Facebook Twitter Email Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Blord Regains Control Of 3.3 Million Followers Ig Page After Brief Controversy Over Viral Post
  • “It’s Been Three Days Now, And No One Knows Where She Is”- Kemi Olunloyo Claims Regina Daniels Is Missing
  • DJ Cuppy Opens Up On Life After Temi Otedola’s Extravagant Wedding To Mr Eazi
  • “It Takes Huge Budget To Drop An Album”- Bella Shmurda Cries Out Over High Promotion Expenses
  • Zlatan Ibile Reveals He Once Used His Prize Car For Cab Business To Survive In School

Recent Comments

No comments to show.

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

Top Categories

  • Entertainment

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
© 2023 Newsunplug | All Rights Reserved.
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?