There are insinuations of a planned electricity tariff hike in Nigeria starting from January 2024
The officials of the Nigeria’s Electricity Distribution Companies (DisCos) had held a virtual emergency meeting recently which was suspected to be part of plans to formalise and perfect the planned tariff increase.
According to source in one of the DisCos who spoke to news medium, Daily Trust:
“All has been perfected for the new tariff to take effect from the first of January, 2024.
It is now left for various electricity distribution companies to enlighten their customers on new developments.”
According to the source, the National Electricity Regulatory Commission (NERC) had already invited distribution companies for a meeting on the development.
The source said while it is mandatory for electricity distribution companies to regularly evaluate tariffs every six months, the recent increase would meet customers’ dissatisfaction.
“In fact, we were perturbed by the short notice and how we would reach out to our customers about the increase,” he said.
Asked how much the increase would be, the source said, “No idea so far, but the uncertainty has put us in a difficult situation.”
President Bola Ahmed Tinubu had in November 2023 stopped the implementation of the electricity tariff, insisting on a power sector subsidy.
