Power distribution companies, on Monday, retracted their prior statement that a tariff increase would go into effect on July 1, 2023, saying that the Nigerian Electricity Regulatory Commission (NERC) had not yet approved the increase.
According to a number of public announcements from some of the Discos posted on Sunday, the energy tariff would increase by between 30% and 40% for a limited group of consumers on July 1, 2023.
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In a public service announcement from the Abuja Electricity Distribution Company, for instance, the Disco had said;
Effective July 1, 2023, please be informed that there will be an upward review to the electricity tariff influenced by the fluctuating exchange rate.
Under the MYTO (Multi Year Tariff Order) 2022 guidelines, the previously set exchange rate of N441/$1 may now be revised to approximately N750/$1 which will have an impact on the tariffs associated with your electricity consumption.
But in an appeal by the same AEDC, issued on Monday, the firm asked its customers to disregard the planned tariff increase as approval for such an increment had not been received.
Please disregard the circulating communication, regarding the review of electricity tariffs. Be informed that no approval for such increments has been received. We regret any inconvenience.
However, a senior official in NERC confirmed to PUNCH that the regulator had not given the Discos approval to announce the hike in tariffs.
“The commission did not give them such approval,” the official, who pleaded not to be named due to lack of approval, stated.
Reacting to the development, a former spokesperson of the AEDC and seasoned expert in the sector, Olabode Fadipe, said;
NERC never publishes any position or makes any official statement. It is the Discos that does that. Once the Discos receive approval from NERC, they effect the adjustment straightaway.
Discos perhaps got approval for 1st July and chose to put their customers on notice only to be told that their action was hasty. That end users have been told to ignore the message does not mean that the increase won’t be affected.
Although, the spokesperson for Ikeja Electric, Ayeni Akinola, who described the initial trending circular as “fake”, the circular advised customers with prepaid meters to purchase energy units in bulk before the price increment takes effect from July 1.
It stated;
If you have a prepaid meter, buying bulk energy units for your home or office before the end of the month may help you make some savings before you have to buy at the new rate.
For those on post-paid (estimated) billing, a significant increment is imminent in your monthly billing, starting from August.
