On Friday, eleven electricity Distribution Companies (DisCos) submitted a request to the Nigerian Electricity Companies (DisCos) for permission to review tariffs, as reported by The Nation.
The joint application, dated July 14, 2023, is titled “Notice of Application for Rate Review By the Electricity Distribution Companies.” The DisCos justify their appeal for a tariff review by highlighting the necessity to incorporate adjustments in macroeconomic indicators and other factors that impact the quality of service, operations, and long-term viability of the companies.
The letter reads in part: “Pursuant to Sections 116 (1) and 2(a and b) of the Electricity Act 2023 and other extant rules, the eleven (11) successor electricity distribution companies (“DisCos”) have filed an application for rate review with the Nigerian Electricity Regulatory Commission (“NERC” or the “Commission”).
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.
“Accordingly, the Commission hereby invites the general public to comment 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.
“The applications can be accessed on the Commission’s website at www.nerc.gov.ng.
“As part of the rule-making process and in the 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. Any person wishing to participate in the proceedings as an intervenor should forward his/her application to tariff@nerc.gov.ng before the close of business on July 20, 2023. The Request to Participate shall include the following:
i. An explanation of the person’s interest in the proceeding and how the party would be affected by the outcome of the Application; and
ii. A description of the party’s concerns, observations, comments, and/or objections to the application.
“All members of the public and stakeholders are encouraged to send their comments or representations before the close of business on July 20, 2023, to the Chairman/CEO, The Nigerian Electricity Regulatory Commission.”
