Connect with us

Hi, what are you looking for?

News

DisCos Can’t Hike Tariffs Without Approval – NERC

NERC LOGO

National Electricity Regulatory Commission, NERC, has said electricity distribution companies cannot increase tariffs without its approval.

Gatekeepers News reports that the spokesperson of the NERC, Usman Abba Arabi, disclosed this in a chat with The PUNCH.

There have been media reports that Discos had concluded plans to hike electricity tariffs in the New Year.

The NERC spokesperson earlier noted that the commission had not approved any new electricity tariffs for any of the Discos within the Nigerian electricity supply industry.

Arabi said, “No new electricity tariff has been approved. Nigerians should ignore any news reports about new electricity tariff coming up on the 1st January 2024.”

Despite NERC’s clarification that there was no plan to hike tariffs, Nigerians on social media expressed doubt, saying the Discos might not wait for the commission before rolling out the new tariffs.

Some Nigerians said they had noticed an increase in the amount they pay for electricity lately.

In reaction to this, Arabi stressed that, “DisCos are not allowed to charge any electricity tariff without the approval of NERC.”

You May Also Like

Business

Find below, the Dollar to Naira exchange rate for today, 10 May 2024. Gatekeepers News has obtained the official dollar to the naira exchange rate in...

Business

Find below, the Dollar to Naira exchange rate for today, 09 May 2024. Gatekeepers News has obtained the official dollar to the naira exchange rate in...

Business

Find below, the Dollar to Naira exchange rate for today, 08 May 2024. Gatekeepers News has obtained the official dollar to the naira exchange rate in...

Business

Find below, the Dollar to Naira exchange rate for today, 07 May 2024. Gatekeepers News has obtained the official dollar to the naira exchange rate in Nigeria...