The management of the Nigerian Electricity Regulatory Commission (NERC) says there is no 50 per cent increase in electricity tariff. The commission said such increment was not contained in the tariff order for electricity distribution companies which took effect on January 1, 2021.
This was made known by NERC’s Head of Public Affairs, Mr Micheal Faloseyi, in a statement in Abuja on Tuesday.
The commission said the tariff for customers being served less than an average of 12 hours of power supply per day over a period of one month remains frozen and subsidized in line with the policy direction of the Federal Government.
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The statement read “The commission hereby state unequivocally that no approval has been granted for 50 per cent tariff increase in the tariff order for Electricity Distribution Companies (DISCOs) which took effect from January 1, 2021.
“On the contrary, the tariff for customers on Service Bands D and E (customers being served less than an average of 12 hours of supply per day for a period of one month) remains frozen and subsidized in line with the policy direction of the Federal Government.
“In compliance with the Electric Power Sector Reforms Acts (EPRSA) and the nation’s tariff methodology for biannual review, the rates for Service Bands A, B, C, D and E have been adjusted by N2.00 to N4.00 per kWhr to reflect the partial impact of inflation and movement in foreign exchange rates,”
According to Faloseyi, any customer that has been impacted by any rate increase beyond the above provision of the tariff order should report to the commission at customer.complaints@nerc.gov.ng.
By: Ifunanya Ikueze
