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DisCos await Electricity Regulation Commission’s nod to increase electricity tariffs

Written by on June 27, 2023

There seems to be uncertainty in the electricity sector over the decision to increase  tariff.

This is as the Power distribution companies have backtracked on their earlier announcement of a tariff hike projected to take effect from July 1, 2023.

They state that the Nigerian Electricity Regulatory Commission had yet to approve the hike.

Various public notices from some of the Discos previously indicated that the electricity tariff would be raised by about 30 to 40 per cent for selected categories of consumers on July 1, 2023.

In a public service announcement from the Abuja Electricity Distribution Company, for instance, the Disco had said, effective July 1, 2023, there would be an upward review to the electricity tariff influenced by the fluctuating exchange rate.

But in an appeal by the same AEDC, the firm asked its customers to disregard the planned tariff increase as approval for such an increment had not been received.

Still in the energy sector, the leadership of Human and Environmental Development Agenda, HEDA, is calling on President Bola Tinubu to begin to fight against corruption in the oil and gas industry.

This is even as the organisation described and accused the apex body, Nigerian Petroleum Company Limited, NNPCL, as house full of corruption, adding that NNPC holds 70 per cent of corruption in Nigeria.

Urging President Tinubu to beam his fight against corruption in NNPC, the chairman of HEDA, Mr Olanrewaju Suraju says unless the NNPC is held accountable to oil and exploration of crude, the sector will continue to move around in circles.

According to Suraju, Tinubu should ensure genuine accountability by setting up public participation and proper coordination system to create smooth operation in the sector.

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