Electricity: NERC to conduct hearing as Discos apply for rate Review

July 14, 2023

…Calls for public participation

The Nigeria Electricity Regulatory Commission (NERC) has disclosed that 11 successor Electricity Distribution Companies (DisCos) have filed an application for rate review.

According to the NERC in a notice on Thursday, titled: Notice Of Application For Rate Review By Electricity Distribution Companies, the request for rate review is in pursuant to Section 116 (1) and 2(a&b) of the Electricity Act 2023 and other extant rules.

“It 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”, NERC noted.

“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.

As part of the rule making process and in exercise of the powers conferred by the electricity Act, the Commission shall conduct a rate case hearing on the applications prior to making a ruling.

The Commission therefore called for participation in the hearings from interested members of the public and stakeholders, adding that comments or representations should be sent before the close of business on 20th July 2023.