Electricity tariff not increased by 50% – NERC

The Nigerian Electricity Regulatory Commission (NERC) has denied approving a 50 per cent increase in electricity tariff effective January 1, 2021.

Several media outlets (not Qed.ng) reported that the commission hiked electricity tariff by 50 per cent.

But in a statement posted to Twitter on Tuesday, the commission said that was not the case.

The statement reads: “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 FG.

“In compliance with the provisions of the EPSR Act 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 & movement in forex.” The commission urged the media to retract the earlier misleading information.

Leave A Reply

Your email address will not be published.