Get it on Google Play
The Standard Gazette
Online Daily News Portal | Online Newspapers

We Gave No Approval For Hike In Electricity Tariff – NERC

The Nigerian Electricity Regulatory Commission (NERC) says it didn’t give approval for the increase in electricity tariff. 

It was on Tuesday morning reported that the Federal Government had approved an increase in electricity tariff payable by power consumers which took effect nationwide on January 1, 2021.

But in a statement on Tuesday afternoon, the NERC dismissed such increment, noting that it never granted approval for such hike. 

According to the NERC, 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 subsidised in line with the policy direction of the Federal Government. 

The statement read in part, “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 tariff. 

“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 12 hrs 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 NGN 2.00 to NGN 4 .00 per kWh to reflect the partial impact of inflation & movement in forex.

“The Commission remains committed to protecting electricity consumers from failure to deliver on committed service levels under the service -based tariff regime.”

Loading...