Friday, May 14

Electricity tariffs may rise in July, NERC plans review

According to the Nigerian Electricity Regulatory Commission, tariff review for Nigeria’s 11 power distribution companies would hold in July.

It revealed this in its notice of Minor and Extraordinary Review of Tariffs for Electricity Transmission and Distribution Companies. As this might lead to a rise in the tariffs payable by electricity users.

The commission lamented that the extraordinary tariff review was as a result of changes in inflation, foreign exchange, gas prices, available generation capacity and capital expenditure.

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