Nigeria’s Electricity Distribution Companies (DisCos) are reportedly planning to hike electricity tariff nationwide with effect from January 1, 2024.
It was gathered that a virtual emergency meeting was held recently to formalise and perfected the planned tariff increase.
A source in one of the DisCos, who claimed anonymity, confirmed the development to Daily Trust on Sunday.
According to the source, “All has been perfected for the new tariff to take effect from the first of January, 2024.
“It is now left for various electricity distribution companies to enlighten their customers on new developments.”
The source said the National Electricity Regulatory Commission (NERC) had already invited distribution companies for a meeting on the development.
He expressed fear that while it is mandatory for electricity distribution companies to regularly evaluate tariffs every six months, the recent increase would meet customers’ dissatisfaction.
“In fact, we were perturbed by the short notice and how we would reach out to our customers about the increase,” he said.
Asked how much the increase would be, the source said, “No idea so far, but the uncertainty has put us in a difficult situation.”