News

NERC Refutes Claims Of Approval For 50% Electricity Tariff Increase


Nigerian Electricity Regulatory Commission (NERC), have said on Tuesday afternoon, that it has not increased electricity tariff by 50 per cent.

The Commission, in a statement, said such increment was not contained in the tariff order for electricity distribution companies which took effect on January 1, 2021.

It said 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.

This was revealed on their official Twitter page;
The statement partly read, “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.”

It was earlier reported that again increased electricity tariff payable by power consumers across the country.

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