Power distribution companies have denied reports of electricity tariff hike beginning from today, January 1, 2024.

They said the Nigerian Electricity Regulatory Commission had not issued any directive for such.

It was reported on Sunday that power distribution companies were planning to hike electricity tariffs from January 1, 2024, a development that was neither confirmed by the NERC nor the Federal Ministry of Power.

However, three Discos as well as officials from the NERC denied the report.