Power distribution companies, on Monday, backtracked on their earlier announcement of a tariff hike projected to take effect from July 1, 2023, as they stated that the Nigerian Electricity Regulatory Commission had yet to approve the hike. Various public notices from some of the Discos seen on Sunday had stated 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,…
Read MoreINCREMENT IN ELECTRICITY TARIFF: DISCOS BACKTRACK, AWAIT NERC APPROVAL
