NERC reacts to media reports over purported 50% electricity tariff increase

The Nigerian Electricity Regulatory Commission (NERC) has reacted to the media reports that it has approved 50% electricity tariff increase.

NERC made the statement on its official Twitter Page monitored by SOJ WORLDWIDE  on Tuesday, January 5, 2021.

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“PRESS RELEASE:

“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.

2. 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.

3. 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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4. 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.

5. 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. @ProfOsinbajo @AIT_Online @channelstv @MobilePunch

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

7. Any customer that has been impacted by any rate increases beyond the above provision of the tariff Order should report to the Commission at customer.complaints@nerc.gov.ng”

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www.sojworldnews.com (c) January 5, 2021