Electricity: NERC Debunks Rumour of Increase In Electricity Tariffs by 50% - THE NEW DAWN ONLINE

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Tuesday, January 05, 2021

Electricity: NERC Debunks Rumour of Increase In Electricity Tariffs by 50%



The attention of the Nigerian Electricity Regulatory Commission ("The Commission") has been drawn to publication 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 from January 1, 2021. On the contrary, the tariff for consumers 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 subsidized in line with the policy direction of the Federal Government. In compliance with the provisions of the Electric Power Sector Reform Act (ERPSA) and the nation's tariff methodology for biannual minor review, the notes for service bands A, B, C, D and E have been adjusted to NGN2.00 to NGN4.00 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 to protecting electricity consumers from failure to deliver on committed service levels under the service-based tariff regime. Any consumer that has been impacted by any rate increases beyond the above provision of the tariff order should report to the Commission via customer.complaints@nerc.gov.ng

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