Breaking: Electricity Regularly Commission Debunk Claims Of 50% Increase In Tariff

By Oluchi Ihediuche

The Nigerian Electricity Regulatory Commission, has debunk the claims of increase in the electricity tariff by 50 per cent.

The Commission, in a statement, said no increment was specified in the tariff order for electricity distribution companies which took effect on January 1, 2021.

“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.

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 and subsidised in line with the policy direction of the Federal Government.

“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 NGN2.00 to NGN4.00 per kWhr to reflect the partial impact of inflation & movement in forex.

The commission says there are committed to protecting their customers.

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