DisCos Set To Increase Electricity Tariffs January 1st

By Damilare ADELEYE

Reports have emerged that the electricity distribution companies (DisCos) in the country will increase their tariffs with effect from January 1st, 2024.

Speaking on condition of anonymity, an official source from one of the electricity distribution companies disclosed that a virtual emergency meeting has been held in that regard.

“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.

He added that the National Electricity Regulatory Commission (NERC) had already invited distribution companies for a meeting on the development.

He however 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, he said, “No idea so far, but the uncertainty has put us in a difficult situation.”

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