The Nigerian Electricity Regulatory Commission (NERC) has denied approving a 50 per cent increase in electricity tariff effective January 1, 2021.
Several media outlets (not Igbere TV) reported that the commission hiked electricity tariff by 50 per cent.
But in a statement posted to Twitter on Tuesday, the commission said that was not the case.
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.
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.
— NERC Nigeria (@NERCNG) January 5, 2021
“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.”
The commission urged the media to retract the earlier misleading information.
