The Nigerian Electricity Regulatory Commission (NERC) has debunked the news making the rounds on electricity tariff increment.
This was disclosed in a press statement by the commission, on January 5, 2021.
“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. On the contrary, the 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,” the statement said.
NERC further stated that “in compliance with the provisions of Electric Power Sector Reform Act (EPSRA) and the nation’s tariff methodology for biannual minor review, the rates for the service bands, A, B, C, D and E have been adjusted by NGN 2.00 to NGN 4.00 per kWhr to reflect partial impact of inflation and movement in foreign exchange rates.”