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No approval for 50% electricity tariff increase —NERC

by OtownGist

The Nigerian Electricity Regulatory Commission , on Tuesday afternoon, said 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 .
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 .
“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 NGN 2 . 00 to NGN 4 . 00 per kWhr to reflect the partial impact of inflation & movement in forex .
“The Commission remains committed to protecting electricity consumers from failure to deliver on committed service levels under the service -based tariff regime . ”

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