The Nigerian Electricity Regulatory Commission (NERC) has denied speculations suggesting its approval of 50 per cent increase in electricity tariff effective January 1, 2021.
However, in a statement on its official twitter account on Tuesday afternoon, NERC said the reports were misinforming electricity consumers.
It clarified that 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.
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.
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“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.”
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.— NERC Nigeria (@NERCNG) January 5, 2021
The commission further urged the media to retract the earlier misleading information.
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