Rise In Electricity Tariffs; NERC

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Due to changes in inflation, foreign exchange, gas prices, available generation capacity and capital expenditure, the Nigerian Electricity Regulatory Commission on Monday announced that another tariff review for Nigeria’s 11 power distribution companies would hold in July.

This was disclosed in its notice of Minor and Extraordinary Review of Tariffs for Electricity Transmission and Distribution Companies. a development that might lead to a rise in the tariffs payable by electricity users.

The commission also stated that extraordinary tariff reviews where done in instances where industry parameters had changed from those used in the operating tariffs to such an extent that a review was urgently required to maintain the viability of the industry.

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