Nigerian Electricity Regulatory Commission NERC has denied increasing electricity tariffs by 50 percent.
According to them, the rates for service bands have been adjusted by NGN2.00 to NGN4.00 per kWhr to reflect the partial impact of inflation and movement in forex.
This is coming after reports made the rounds that the tariff was increased.
The commission took to their official Twitter page to make the explanation.
They wrote:
“1. PUBLIC NOTICE ON PURPORTED 50% INCREASE IN ELECTRICITY TARIFFS The attention of the 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 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.”
“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]”
