The electricity distribution companies (DisCos) have increased customer rates in accordance with the Nigerian Electricity Regulatory Commission’s Multi-Year Tariff Order (MYTO) (NERC).
According to reports, the Nigerian Electrical Regulatory Commission (NERC) issued paperwork on Thursday reflecting the authorized rise in power tariffs due to consumers in various electricity distribution sectors in Nigeria.
In separate orders to eleven Nigerian discos, the commission said that the pricing increase was the result of an unusual review of the Multi-Year Tariff Order and that the order took effect on January 1, 2022.
It was also stated that the order would only be subordinated to a new tariff review order issued periodically by the NERC. However, this tariff hike by the NERC was criticized by various power consumer groups, who demanded a complete reversal of the sector’s privatization.
The Nigerian Electricity Regulatory Commission (NERC) gave myriads of reasons for its decision to increase the Discos’ tariffs, as shown by the fact that, starting in February 2022, the commission increased the amount customers must pay for power.
Reports have it that the new tariff has been instantly applied to subscribers’ bills.
A bill seen by this respected news outlet reveals that although the cost varies from one DisCo to the next and from customer to customer, the minimum payable tariff is N56.28 per Kilowatt-Hour.
A customer in Jabi, Abuja, who purchased a credit of N4,000 on Thursday received 66. 1 Token units at a price of N56. 28 per kilowatt-hour. Prior to this, her unit of kilowatt-hour was below N50.