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ELECTRICITY TARIFF: NERC CONFIRMS INCREMENT FOR SIX DISTRIBUTION COMPANIES.s

The Nigerian Electricity Regulatory Commission (NERC) has released documents confirming tariff increase approval for six Distribution Companies (DisCos) which became effective in January 2022.

The document titled: “The Multi-Year Tariff Order 2021” was jointly signed by the Commission’s Chairman, Mr. Sanusi Garba, and Vice-Chairman, Musiliu Oseni.

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

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The approval was pursuant to the Extraordinary Tariff Review Application and Performance Improvement Plan (PIP) filed by each of the DisCos.

NERC based the increase on the Performance Improvement Plans of the DisCos and indices such as gas price, inflation, exchange rate, US inflation rate, and available generation capacity.

According to the Commission, these indices shall be reviewed in every six months to update the tariffs with changes in the indices.

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