There is presently uncertainty following claims that the Nigeria’s electricity Distribution Companies (DisCos) will implement an increase in tariffs from July 1.
The claim is FALSE
Several news reports had quoted the Abuja Electricity Distribution Company (AEDC) to have issued a statement saying “Effective July 1st 2023, please be informed that there will be an upward review to the electricity tariff influenced by the fluctuating exchange rate.
“Under the MYTO 2022 guidelines, the previously set exchange rate of N441/$1 may now be revised to approximately N750/$1 which will have an impact on the tariffs associated with your electricity consumption.”
AEDC later backtracked saying that the Nigerian Electricity Regulatory Commission (NERC) was yet to approve such an increase for the company.
“Please disregard the communication circulating in the media regarding the review of electricity tariffs. Be informed that no approval for such an increment has been received. We regret any inconvenience.”
Checking the NERC’s website and twitter there is no statement relating to an increase in electricity tariffs
CONCLUSION
The claim that electricity tariff will be increased effective form July 1 is FALSE.
