They have agreed to withdraw the case against the Benin Electricity Distribution Company (BEDC) who are responsible for the facility.
This will ensure that the corpse of the deceased is released to the family who have already initiated plans for burial.
The ceremony may hold on Saturday, July 21, 2018, according to Punch News.
Angry responses from colleagues at the Eyaen Secondary School have reportedly welcomed the development.
There have also been protests from residents of Uhunmwonde where the deceased, 13, died last week.
“We received a delegation from the BEDC, led by its executive director. Representatives of the NERC were also around.
"They showed their sympathy over what happened and that they had set up a high-powered investigative committee to investigate the remote cause of the problem and to know how to avert future occurrence.
“They said that they were ready to take care of the burial expenses as well as trying to see how they can pacify the family in a way of compensation.
"But we decided that we are ready to bury the boy (deceased) first.
“We are proposing Saturday. Right now, we want to go the police station so that we can close the case and so that they (police) can release the corpse to us," says Chief Samuel Tamara, an uncle to the victim's father Pius Sani.
A delegation from the state government reportedly visited the family of the deceased in order to sympathize with them.
Mr Emmanuel Agbale, the state commissioner of education described Benedict's passing "as a huge loss."