Nigerians to pay more for electricity as DisCos get approval to increase tariff

Nigerians to pay more for electricity as DisCos get approval to increase tariff

The Eko Electricity Distribution Company has informed its customers of the decision of upward tariff adjustment effective from September 1, 2021.

Starting from Wednesday, September 1, 2021, there are indications that Nigerians will pay more for electricity.

This is coming following a directive by the Nigerian Electricity Regulatory Commission (NERC) to the Electricity Distribution Companies (DisCos) to increase their tariff.

In a letter titled; “Tariff Increase Notification”, the NERC gave the electricity distributors in the country the leverage to charge a service-based tariff.

A document from the Eko Electricity Distribution Company, with reference number 023/EKEDP/GMCLR/0025/2021 shows that the tariff would increase between N42.44 to 58.94 depending on their class, TheNation reports.

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The electricity distribution company has reportedly informed its customers of the decision of upward tariff adjustment effective from 1st September 2021.

Also, in a document signed by the Eko Disco, the company’s General Manager, Loss Reduction, Olumide Anthony-Jerome said, “This is to officially notify you that there will be an increase in electricity tariff with effect from 1st September 2021. This increase is a result of nationwide mandate to implement the Service-Based Tariff approved by our regulator NERC”

The energy distributor company has also informed its metered customers on the development asking them “to adjust the rates accordingly to reflect the new tariff increase as released by NERC.”

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