No Approval for 50% Electricity Tariff Increase, NERC Says
The Nigerian Electricity Regulatory Commission (NERC) has said that it did not grant any approval to electricity distribution companies in the country to increase electricity tariff by 50 per cent.
NERC in a statement by its spokesperson, Michael Faloseyi refuted the reported increment on Tuesday.
“The attention of the Nigerian Electricity Regulatory Commission has been drawn to publications in the print and electronic media misinforming electricity consumers that the Commission has approved a 50% increase in electricity tariffs.
“The Commission hereby state unequivocally that NO approval has been granted for a 50% tariff increase in the Tariff Order for electricity distribution companies which took effect on January 1, 2021.”
Faloseyi explained that the tariff for customers on service bands D & E remains unchanged. According to him, bands D&E are customers who get less than an average of 12hrs of supply per day over a period of one month.
He said, “tariff for customers on service bands D & E (customers being served less than an average of 12hrs of supply per day over a period of one month) remains frozen and subsidised in line with the policy direction of the Federal Government.
“In compliance with the provisions of the Electric Power Sector Reform Act (EPRSA) and the nation’s tariff methodology for biannual minor review, the rates for service bands A, B, C, D and E have been adjusted by NGN2.00 to NGN4.00 per kWhr to reflect the partial impact of inflation and movement in foreign exchange rates.
Faloseyi said the Commission remains committed to protecting electricity consumers from failure to deliver on committed service levels under the service-based tariff regime.
“Any customer that has been impacted by any rate increases beyond the above provision of the tariff Order should report to the Commission at [email protected]
By Peace Obi