DISCOs Redouble Efforts To Increase Electricity Tariffs

There is no respite yet for electricity consumers with Distribution Companies (DisCos) still pushing ahead with their bid for Federal Government’s approval to raise the tariffs.

Last week, the National Electricity Regulatory Commission (NERC) halted the 40 per cent tariff hike planned by the DisCos following an outcry by Nigerians, who are reeling under the effect of petrol subsidy withdrawal.

NERC’s action came after some of the DisCos notified consumers of increased tariffs.

It was learnt yesterday that the DisCos are billed to meet with NERC in Abuja next week.

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Senior officials of two DisCos, who confirmed the scheduled meeting, declined to release the agenda.

But it was learnt that tariffs raise is central to the parley.

The NERC will also meet with other power institutions such as the Transmission Company of Nigeria (TCN) and Generating Companies (GenCos).

It was learnt that NERC has scheduled a meeting with all the 11 DisCos and other critical stakeholders in the electricity supply and loop.

The meeting will hold between Monday and Friday.

READ ALSO: More Woes For Nigerians As FG Approves Tariff Increase For Power Companies, Discos

NERC will meet on Monday and Tuesday with Managing Directors and top management of DisCos, GenCos and TCN.

On Wednesday and Thursday, it will meet with major electricity consumers, firms, suppliers and service providers, such as suppliers of gas, among others.

How the DisCos can shore up their revenue, especially following a 40 per cent loss, and their inability to meet their performance targets, will also be discussed, it was gathered.

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