The Nigerian Electricity Regulatory Commission (NERC) has enforced a new Multi-Year Tariff Order (MYTO), increasing electricity bills by over 50 percent across the country. A revised MYTO and minimum remittance threshold payable by the Distribution Companies and signed by NERC Chairman, Sanusi Garba empowers the 11 DisCos to increase tariff by 50 percent citing prevailing economic realities, especially inflation and exchange rate.
After series of outrage and outright rejection by consumers who cited poor power supply and the impacts of Covid-19, DisCos had in October last year started the implementation of a service-based reflective tariff (SRT) structure after backing by approval from President Muhammadu Buhari. All classes of consumers, except those who enjoy a few hours of power supply, would pay more for electricity until June this year.
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