The management of the Nigerian Electricity Regulatory Commission, NERC, has denied reports that there has been a 50 per cent increase in electricity tariff. NERC’s Head of Public Affairs, Micheal Faloseyi, denied the report in a statement released in Abuja today Tuesday, January 5.
According to Faloseyi, rates for service bands have been adjusted by NGN2.00 to NGN4.00 per kWhr.
The statement reads
“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 50 per cent tariff increase in the tariff order for
Electricity Distribution Companies, DISCOs, which took effect from
January 1, 2021.
On the contrary, the tariff for customers on Service Bands D and E
(customers being served less than an average of 12 hours of supply per
day for a period of one month) remains frozen and subsidised in line
with the policy direction of the Federal Government.
In compliance with the Electric Power Sector Reforms Acts (EPRSA) and
the nation’s tariff methodology for biannual review, the rates for
Service Bands A, B, C, D and E have been adjusted by N2.00 to N4.00 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.
The Commission remains committed to protecting electricity consumers
from failure to deliver on committed service levels under the
service-based tariff regime.
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”.
