The Nigerian Electricity Regulatory Commission (NERC) says eleven distribution companies (DisCos) have applied for a review of tariff rates.
NERC disclosed the development in a public notice issued on Friday.
The commission said the application for review of tariff is based on the need to “incorporate changes in macroeconomic indices” and other factors affecting the “quality of service, operations, and sustainability” of DisCos.
“Pursuant to section 116 (1) and 2(a&b) of the Electricity Act 2023 and other extant rules, the eleven (11) successor electricity distribution companies (DisCos) have filed an application for rate review with the Nigerian Electricity Regulatory Commission (NERC or the commission),” the statement reads.
NERC asked consumers and stakeholders to comment on the rate review applications filed by the DisCos before the commission.
“Accordingly, the commission hereby invites the general public for comments on the rate review applications by the distribution licensees,” the commission said.
“Interested stakeholders are advised to review and take into consideration the excerpts of the rate review applications filed with the commission by the respective licensees. The applications can be accessed on the commission’s website at www.nerc.gov.ng.”
NERC said it would conduct a rate case hearing on the applications before a ruling can be made on the matter.
“As part of the rule-making process and in the exercise of the powers conferred by the Electricity Act, the commission shall conduct a rate case hearing on the applications prior to making a ruling,” the commission said.
“Any person wishing to participate in the proceedings as an intervenor should forward his/her application to tariff@nerc.gov.ng before close of business on 20th July 2023.”
