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Home Business News Politics

Discos Negotiate with Customers Over Hike in Electricity Tariffs

Editor by Editor
June 15, 2015
in Politics
Discos Negotiate with Customers Over Hike in Electricity Tariffs
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With the commencement of negotiations between the Distribution Companies (Discos) and electricity consumers for a review of electricity tariffs, there is every possibility that a hike in tariffs will take effect next month. The new tariffs will, however, be subject to the approval of the Nigerian Electricity Regulatory Commission(NERC).

Earlier this year, the NERC had authorised the Discos to fix tariffs based on operational costs in their locations, but directed that the tariffs would be subject to approval by the regulatory agency.

The agency also directed the Discos to interface with their customers to arrive at acceptable rates that would be presented for approval. The new tariff regime to be set by the Discos, with the approval of NERC, will commence in July under a new Multi-Year Tariff Order (MYTO).

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Chairman of NERC, Dr. Sam Amadi, had said that the regulatory agency had in the past encouraged the Discos to hold consultations with customers on the issue of tariffs, adding that it would henceforth be the duty of the downstream electricity companies to fix the tariffs and not his agency.

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Tags: News ReviewPower Sector

Comments 14

  1. otimkpu1 says:
    June 15, 2015 at 3:07 pm

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    Reply
  2. Nairametrics says:
    June 15, 2015 at 3:07 pm

    Discos Negotiate with Customers Over Hike in Electricity Tariffs http://t.co/vH7SqXmyNk http://t.co/klqYkWJGp9

    Reply
  3. ugodre says:
    June 15, 2015 at 3:07 pm

    Discos Negotiate with Customers Over Hike in Electricity Tariffs http://t.co/hiUOeDYbO3 http://t.co/ZVxJIc2dVg

    Reply
  4. Naijawhatsup says:
    June 15, 2015 at 3:10 pm

    Discos Negotiate with Customers Over Hike in Electricity Tariffs http://t.co/VfVZkpxVEu

    Reply
  5. mrchukwumaz says:
    June 15, 2015 at 3:15 pm

    RT @Nairametrics: Discos Negotiate with Customers Over Hike in Electricity Tariffs http://t.co/vH7SqXmyNk http://t.co/klqYkWJGp9

    Reply
  6. mrchukwumaz says:
    June 15, 2015 at 3:15 pm

    RT @ugodre: Discos Negotiate with Customers Over Hike in Electricity Tariffs http://t.co/hiUOeDYbO3 http://t.co/ZVxJIc2dVg

    Reply
  7. mrchukwumaz says:
    June 15, 2015 at 3:15 pm

    “@ugodre: Discos Negotiate with Customers Over Hike in Electricity Tariffs http://t.co/l08xP1M7sb http://t.co/mIT8biD9tD”
    @InsideMainland

    Reply
  8. InsideMainland says:
    June 15, 2015 at 3:39 pm

    RT @mrchukwumaz: “@ugodre: Discos Negotiate with Customers Over Hike in Electricity Tariffs http://t.co/l08xP1M7sb http://t.co/mIT8biD9tD”
    …

    Reply
  9. Bar_Baric says:
    June 15, 2015 at 6:15 pm

    Discos Negotiate with Customers Over Hike in Electricity Tariffs http://t.co/UluqfuRJKt

    Reply
  10. NigerianBizNews says:
    June 15, 2015 at 9:15 pm

    Discos Negotiate with Customers Over Hike in Electricity Tariffs http://t.co/gSijW9F1Ll

    Reply
  11. ugodre says:
    June 15, 2015 at 11:18 pm

    Discos Negotiate with Customers Over Hike in Electricity Tariffs http://t.co/D0nKwdOaOJ http://t.co/AWGp4Jxz4z

    Reply
  12. AYDU says:
    June 15, 2015 at 11:25 pm

    RT @ugodre: Discos Negotiate with Customers Over Hike in Electricity Tariffs http://t.co/D0nKwdOaOJ http://t.co/AWGp4Jxz4z

    Reply
  13. ugodre says:
    June 16, 2015 at 9:55 am

    Discos Negotiate with Customers Over Hike in Electricity Tariffs http://t.co/D0nKwe5LGh http://t.co/IMmB5GSDf9

    Reply
  14. idrisidris says:
    June 16, 2015 at 10:07 am

    RT @ugodre: Discos Negotiate with Customers Over Hike in Electricity Tariffs http://t.co/D0nKwe5LGh http://t.co/IMmB5GSDf9

    Reply

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