High Nepa Bills: Nigeria’s Electricity Tariff Set to Increase

• Electricity tariff in Nigeria maybe be set to increase when the NERC concludes its tariff review process

• NERC is set to carry out a review that will put factors like inflation and had prices into perspective

• NERC, the regulator of Nigeria’s electricity announced this on Monday

Nigerians! brace yourself as things may be set to get more difficult.

The Nigerian Electricity Regulatory Commission (NERC) has annoyed that it is concluding a tariff review process for electricity companies in the country.

According to NERC, this review is carried out every 6 months and can cause the cost of the electricity tariff to go up.

The review will take changes in inflation, fuel price, foreign exchange, and the generation capacity into consideration to determine if electricity bills should rise.

The extraordinary Tariff Review process for July is set to begin and a negative outcome could make things more difficult for the masses.

In other news: Nigeria to Impose Travel Ban on India, Brazil, and Turkey because of COVID

The information was passed by NERC, the regulator of Nigeria’s power sector on Monday.

The electricity commission also urged the public and stakeholders to send in comments about the review to the NERC office in Abuja within 3 weeks.

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