DISCOs have been given conditions under which electricity tariffs can be reviewed and increased.
NERC said President Buhari remains committed to protecting Nigerians arbitrary/estimated billings.
Electricity Tariff hike is set to go live on September 1, 2020.
The apex bank instructed all DisCo collections and remittances of the DisCos to both NBET and TCN will now be the responsibility of banks providing guarantees...
The NERC has suspended the payment of the new electricity tariffs earlier scheduled to take off today, April 1, for at least three months.
A report by the Association of Nigerian Electricity Distributors has shown that the DisCos in Nigeria recorded 8% growth in their revenue collection.
The NERC said it had repealed the estimated billing methodology regulation, effective February 20th, 2020.
DisCos in Nigeria have responded to the threat of the Nigerian Electricity Regulatory Commission (NERC) to cancel licences issued to eight firms
The new electricity tariffs introduced by NERC will be effective from April 1, the power distribution companies (DisCos) have disclosed.
FG will bear a financial burden of N544.894 billion in 2020 being the cumulative shortfall in electricity tariffs of the 11 DisCos.