Admin l Tuesday, 05 January 2021
ABUJA, Nigeria – The Nigerian Electricity Regulatory Commission (NERC) has said that it has not approved hike in electricity tariff to the tune of 50 percent with effect from January contrary to reports in the media.
On the contrary, NERC said in compliance with the provisions of the Electric Power Sector Reform Act (EPRSA) 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 and movement in foreign exchange rates.
In a statement, NERC explained 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 in line with the policy direction of the Federal Government.
“In compliance with the provisions of the Electric Power Sector Reform Act (EPRSA) 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 and movement in foreign exchange rates.
“In the light of strong public interest on this matter, the media is hereby requested to retract their earlier publications misinforming electricity consumers nationwide about a purported 50% increase in electricity tariffs”, NERC said.
The Commission said it remains committed to protecting electricity consumers from failure to deliver on committed service levels under the service-based tariff regime.
It added that 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]
