JUST IN: New Electricity Tariff To Commence In April—DISCO

The electricity distribution companies (DisCos) on Monday says plans are afoot  to begin the implementation of a new tariff  from April 2020.

The regulator said it does not envisage an immediate increase in end-user tariffs until April 1 and a transition to full cost reflectivity by end of 2021.

In a statement made available to newsmen, Executive Director, Research and Advocacy, Association of Nigerian Electricity Distributors (ANED), Sunday Oduntan said the review can best be described  as a “slight increment”.

“The Tariffs shall remain the same as they presently are (i.e. 2015 levels) until April 01, 2020 when there will be a slight increment to cater for tariff shortfalls which shall be gradually passed on to the consumer until this is fully completed by the end of 2021,” Oduntan said.

“In view of the foregoing, we state emphatically that there shall be no change or increase in the existing Electricity tariff until April 01, 2020 when the new adjusted tariffs shall begin to gradually reflect the dynamism of our macro-economy.

“We sincerely hope that this statement substantially clarifies the accurate position and allays any fears and concerns, our esteemed customers may have,”it added.