The tariff increase follows the MYTO extraordinary review carried out in January, 2022.
The Nigeria Electricity Regulatory Commission (NERC) on Thursday, released an official document highlighting the approval of increased electricity tariffs for six distribution companies (DisCos) in the country.
According to the regulator, the tariff increase follows the extraordinary review of the Multi-Year Tariff Order, which took effect on January 1, 2022.
According to the document, Port Harcourt Electricity Distribution Company (PHEDC); Jos Electricity Distribution Company (JEDC); Kano Electricity Distribution Company (KEDC); Kaduna Electricity Distribution Company (KAEDC); Ikeja Electricity Distribution Company (IKEDC); Ibadan Electricity Distribution Company (IBEDC), Abuja Electricity Distribution Company (AEDC); Enugu Electricity Distribution Company (EEDC); Eko Electricity Distribution Company (EKEDC), and Benin Electricity Distribution Company (BEDC) are the ten DisCos approved by NERC.
The commission noted that some of the indices considered for the tariff increase included gas price, inflation, exchange rate, US inflation rate, and available generation capacity.
It added that these indices should be reviewed every six months to update the tariffs with changes in the indices as applicable in line with the multi-year tariff order (MYTO).
