Discos Deny Plans To Hike Electricity Tariff by 100%

In reaction to reports of an impending tariff hike, the electricity distribution companies in the nation have stated that there was no plan to increase electricity tariff.

The Director, Research and Advocacy for the Association of Nigeria Electricity Distributors, ANED, who reacted to the report of the purported increase, Sunday Oduntan, a lawyer, said there were no such proposals to NERC from his members.

“Discos have will not submit proposals for upward review. The story is not true. Minor reviews are not done by Discos. It is from NERC,” he told The Guardian:

“We are finding it difficult collecting our money from consumers from the review in February. Why should we request for another review now? I don’t know why anybody would want to blackmail us with such report.”

Meanwhile, in another development, the Discos have been directed to wind down Credited Advance Payment for Metering Initiative (CAPMI) in which customers pay for meters.

CAPMI was designed by NERC as an optional alternative for customers who are willing to advance money to their distribution companies for speedy installation of prepayment meters.