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NERC approves tariff increase for DisCos

Agency report

Nigerian Electricity Regulatory Commission (NERC) has given approval to six power distribution companies (DisCos) to increase tariffs.

The DISCOS are Port Harcourt Electricity Distribution Company (PHEDC); Jos Electricity Distribution Company (JEDC); Kano Electricity Distribution Company (KEDC); Kaduna Electricity Distribution Company (KEDC); Jos Electricity Distribution Company (JEDC); Ikeja Electricity Distribution Company (IKEDC) and Ibadan Electricity Distribution Company (IBEDC).

According to a document issued on December 29, 2021, and signed by Sanusi Garba, NERC chairman, and Musiliu Oseni, vice chairman, the new tariff took effect from February 2022.

NERC said some of the indices considered for the tariff increase include gas price, inflation, exchange rate, US inflation rate, and available generation capacity.

It added that these indices shall be reviewed every six months to update the tariffs with changes in the indices as applicable in line with the multi-year tariff order (MYTO).

The document said that for A-Non MD customers who paid N56.16/kWh in January 2022 will now (February to December 2022) pay N60.67/kWh).

Also, B Non-MD customers who paid N56.64/kWh in January 2022 will now pay N59.64/kWh.

It added that E-MD2 customers who paid N50.72/kWh in January 2022 will now (From February 2022) pay N54.22/kWh.

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