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The Nigerian Electricity Regulatory Commission (NERC) at the weekend said that new electricity tariffs will be ready and signed off for use this week. This was after duly considering the various individual electricity tariff submissions of the 11 electricity distribution companies (discos) in Nigeria’s electricity market,

Although technical details of the new tariff structure have been finalized by the regulator, NERC said at a workshop in Abuja that a final regulatory meeting would be held in the week to conclude the process and then sign it off.

The Chairman of NERC, Sam Amadi said the regulator had held meetings with the Discos to finalise on their respective tariff proposals. Amadi said that the commission had gotten feedbacks from both the government and the Discos and would now conclude the process.

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