Six power distribution companies (DisCos) have gotten
approval from the Nigerian Electricity Regulatory Commission (NERC) to increase
tariffs.
According to a document issued on December 29, 2021, and
signed by Sanusi Garba, NERC chairman, and Musiliu Oseni, vice chairman, the
new tariff took effect from February 2022.
Port Harcourt Electricity Distribution Company (PHEDC); Jos
Electricity Distribution Company (JEDC); Kano Electricity Distribution Company
(KEDC); Kaduna Electricity Distribution Company (KEDC); Ikeja Electricity
Distribution Company (IKEDC) and Ibadan Electricity Distribution Company
(IBEDC) are the six DisCos that NERC approved, according to a report by The
Nation.
NERC said some of the indices considered for the tariff
increase include gas price, inflation, exchange rate, US inflation rate, and
available generation capacity.
It added that these indices shall be reviewed every six
months to update the tariffs with changes in the indices as applicable in line
with the multi-year tariff order (MYTO).
The document titled ‘This regulatory instrument shall be
cited as Multi-Year Tariff Order (MYTO-2022) for Port Harcourt Electricity
Distribution Company Plc (PHED)’, reads in part: “Consequently, following the
approval of PHED’s PIP on 30th April 2021, the Commission issued the MYTO-2021
Extraordinary Tariff Order effective from 1st July 2021 in consideration on
PHED’s CAPEX proposals over a 5-year plan in line with the approved PIP”.
“Accordingly, this MYTO-2022 order restates PHED’s approved
5-year CAPEX and relevant assumptions applied to forecast revenue requirements
and applicable tariffs for the period 2021-2026 in line with MYTO Methodology
and Regulations Procedure for Electricity Tariff Reviews in the Nigerian
Electricity Supply Industry (NESI).”
The document said that for A-Non MD customers who paid
N56.16/kWh in January 2022 will now (February to December 2022) pay
N60.67/kWh).
Also, B Non-MD customers who paid N56.64/kWh in January 2022
will now pay N59.64/kWh.
It added that E-MD2 customers who paid N50.72/kWh in January
2022 will now (From February 2022) pay N54.22/kWh.
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