• About
  • Advertise
  • Contact
Friday, August 22, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Power

DISCOs Seek FG’s Permission To Hike Electricity Tariff

Vital News by Vital News
July 14, 2023
in Power
0
DISCOs Seek FG’s Permission To Hike Electricity Tariff
Share on FacebookShare on Twitter

 

Eleven successor electricity companies have applied for a review of their respective electricity tariffs, the Federal Government has disclosed.

Disclosing this through a notice published by the Nigeria Electricity Regulatory Commission (NERC) on Thursday, the Federal Government said the request for rate review is premised on the need to incorporate changes in macroeconomic parameters and other factors affecting the quality of service, operations and sustainability of the companies.

The NERC stated that Discos request for rate review is in pursuant to Section 116 (1) and 2(a&b) of the Electricity Act 2023 and other extant rules.

A recent attempt by some electricity distribution companies to hike tariff from July 1 had caused uproar and met strong resistance from Nigerians.

RelatedStories

Abia Secures $750mln World Bank Support For Renewable Energy

FG Awards Contracts Worth N68.7bln For Power Projects In Universities, Teaching Hospitals

President Tinubu Meets Chairmen Of GENCOS, Pledges To Resolve N4 trillion Longstanding Debt Claims

KERC Moves to Decentralise Mini-grid Power Generation, Distribution

The Nigerian Labour Congress (NLC) had asked the government to shelve plans aimed at increasing electricity tariffs in the country, saying it was insensitive and callous to effect hike in power tariff when consumers are still grappling with the hardship caused by the removal of petrol subsidy.

It appeared the public outcry worked as it was observed that the Discos shelved the tariff increase earlier scheduled to come into effect from July 1.

However, the increase , may still happen with the Thursday notice by NERC that the Discos have now applied for rate review.

The regulatory body also stated that it will conduct a Rate Case Hearing on the applications prior to making a ruling as part of the rule-making process and in the exercise of the powers conferred by the Electricity Act.

“Accordingly, the Commission hereby invites the general public for comments on the rate review applications by the distribution licensees.

“Interested stakeholders are advised to review and take into consideration the excerpts of the Rate Review Applications filed with the Commission by the respective licensees,” NERC stated.

The Commission called on all members of the public and stakeholders to send their comments or representations before the close of business on 20th July 2023.
(ChannelsTV/vitalnewsngr.com)

Tags: DISCOselectricityhiketariff
Previous Post

Abiodun Swears In Customary Court Of Appeal Judge

Next Post

Doping : Nigeria Loses Commonwealth Games’ Relay Gold To England

Vital News

Vital News

RelatedStories

Work Ongoing To Re-Erect Three Towers Along Kainji-Birnin Kebbi Transmission Line – TCN
Power

Abia Secures $750mln World Bank Support For Renewable Energy

August 21, 2025
Work Ongoing To Re-Erect Three Towers Along Kainji-Birnin Kebbi Transmission Line – TCN
Power

FG Awards Contracts Worth N68.7bln For Power Projects In Universities, Teaching Hospitals

July 31, 2025
President Tinubu Meets Chairmen Of GENCOS, Pledges To Resolve N4 trillion Longstanding Debt Claims
Power

President Tinubu Meets Chairmen Of GENCOS, Pledges To Resolve N4 trillion Longstanding Debt Claims

July 25, 2025
KERC Moves to Decentralise Mini-grid Power Generation, Distribution
Power

KERC Moves to Decentralise Mini-grid Power Generation, Distribution

July 17, 2025
Amid Legal Battles Over Ownership, AMCON Sells IBEDC For N100billion
News

Amid Legal Battles Over Ownership, AMCON Sells IBEDC For N100billion

July 3, 2025
Next Post
Nigeria Olympic Committee Athlete Commission To Propose Health Insurance Schemes To FG

Doping : Nigeria Loses Commonwealth Games’ Relay Gold To England

Kwara Customs Generates N6.2bln In Q2 2023

Kwara Customs Generates N6.2bln In Q2 2023

Prophet Abidoye Asks FG, States To Do More For Poor Nigerians

Prophet Abidoye Asks FG, States To Do More For Poor Nigerians

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Troops Kill 77 Terrorists, Arrest 41 Suspects

Troops Kill 77 Terrorists, Arrest 41 Suspects

3 years ago
5.4m Voters Will Vote In Bayelsa, Imo, Kogi Guber Election – INEC

10 Vital Facts About November 11, 2023 Governorship Election Holding In Kogi State

2 years ago

WHY I AM RUNNING FOR PRESIDENT, BY VP OSINBAJO

3 years ago

Security Agencies Get Buhari’s Nod To Deal With Perpetrators Of Political Violence

3 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Don’t Stay Away From Home, President Tinubu Tell Nigerians In Japan, Says Nigeria On The Rise Again

Abia Secures $750mln World Bank Support For Renewable Energy

Woman Mistaken For Kidnapper Killed By Irate Mob In Ilorin

FG Empowers Colleges Of Education To Offer NCE, Degree Programmes Without University Affiliation

EFCC Arrests Deputy Vice Chancellor, Bank MD, Two Catholic Sisters Over N1.2bln Loan Fraud

Presidency Confirms Appointment Of Rotimi Pedro As New DG Of NTA, Three Executive Directors

Trending

Appeal Court Orders Kogi To Pay Ex-Deputy Governor, Simon Achuba,  N1.07bln Salary Arrears
Judiciary

Appeal Court Orders Kogi To Pay Ex-Deputy Governor, Simon Achuba, N1.07bln Salary Arrears

by Vital News
August 22, 2025
0

The Court of Appeal sitting in Abuja has again ordered the Kogi State government to pay Simon...

First Lady’s Delegation Pays Condolence Visit to Governor Ododo Over Father’s Passing

First Lady’s Delegation Pays Condolence Visit to Governor Ododo Over Father’s Passing

August 22, 2025
KB Klub Holds Largest Blood Donation Drive, Raises 500pints Of Blood In Lagos

KB Klub Holds Largest Blood Donation Drive, Raises 500pints Of Blood In Lagos

August 22, 2025
President Tinubu Jets Out On State Visit To Saint Lucia, Brazil

Don’t Stay Away From Home, President Tinubu Tell Nigerians In Japan, Says Nigeria On The Rise Again

August 21, 2025
Work Ongoing To Re-Erect Three Towers Along Kainji-Birnin Kebbi Transmission Line – TCN

Abia Secures $750mln World Bank Support For Renewable Energy

August 21, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Appeal Court Orders Kogi To Pay Ex-Deputy Governor, Simon Achuba, N1.07bln Salary Arrears August 22, 2025
  • First Lady’s Delegation Pays Condolence Visit to Governor Ododo Over Father’s Passing August 22, 2025
  • KB Klub Holds Largest Blood Donation Drive, Raises 500pints Of Blood In Lagos August 22, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In