The Federal Government, on Thursday, announced that the 11 power distribution companies in Nigeria have applied for the review of their various electricity tariffs in order to incorporate the changes in the macroeconomic parameters across the country.

It disclosed this through a notice published by the Nigeria Electricity Regulatory Commission. It added that the Discos also stated their reasons for the rate review were premised on factors affecting the quality of service, operations and sustainability of the companies.

In the notice, obtained by our correspondent in Abuja, the NERC stated the application for rate review by the power firms was in line with the rules contained in the Electricity Act 2023.

Recall that some power distribution companies had announced in June that there would be a hike in tariff, projected to take effect from July 1, 2023.