The National Assembly in conjunction with stakeholders have stopped the planned tariff hike scheduled for July 1
The absence of a market reflective tariff had continued to have a negative impact on the sector.
DisCos have expressed their willingness to align with the proposal of the National Assembly that Nigerians should get free power supply for 2 months.
The Nigerian Electricity Regulatory Commission (NERC) has postponed the take-off of the new electricity tariff by the Electricity Distribution Companies (DisCos)
A report by the Association of Nigerian Electricity Distributors has shown that the DisCos in Nigeria recorded 8% growth in their revenue collection.
The proposed increase in electricity tariff by DisCos has experienced setback with the FCCPC because it will affect unmetered customers.
The NERC said it had repealed the estimated billing methodology regulation, effective February 20th, 2020.
The eleven Distribution Companies in Nigeria have requested to increase their tariff to reflect the operating costs, as NERC stated that such a move is illegal...
Based on data from the Advisory Power Team in the Office of the VP, the nation's power sector lost an estimated N19.15 billion in 10 days.
The NERC received a new request from the DisCos and the Transmission Company of Nigeria Plc (TCN) to review their tariffs.