Nigeria Electricity tarrif to be increased this year, check date

The Nigerian Electricity Regulatory Commission has disclosed that the electricity tariffs being paid by consumers will increase in April this year.

This was disclosed in its ‘December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020,’ which was dated December 31, 2019.

The statement said, “The Federal Government’s updated Power Sector Recovery Program does not envisage an immediate increase in end-user tariffs until 1st April 2020 and a transition to full cost reflectivity by end of 2021.

“In the interim, the Federal Government has committed to funding the revenue gap arising from the difference between cost-reflective tariffs determined by the commission and the actual end-user tariffs payable by customers.”

NERC stated that all Discos are to settle their market invoices in full as adjusted and netted off by applicable tariff shortfall.