A new energy tariff has been approved by the Nigerian Electricity Regulatory Commission (NERC) for the electricity distribution companies (DisCos) in the country.

This was disclosed by the commission on Wednesday, August 21st in a series of publications tagged ‘2016-2018 minor review of the 2015 multi year tariff order’ (MYTO) for each DisCo.

According to the documents, the order became effective from July 1, 2019. The DisCos had cited lack of cost-reflective tariff as its major challenge on the sector, which has also hindered them from investing in their networks.

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