By Shola Akingboye, 5th January 2020
The Nigerian Electricity Regulatory Commission (NERC), has denied the purported 50 percent increase in the electricity tariff as earlier reported by some media organizations, says no such order has been given to the distribution companies outside the provisions of the Electric Power Sector Reform Act (EPRSA) and the nation’s tariff methodology.
According to a statement signed by the agency’s management and made available to RegentAfrica Times on Tuesday, the Commission was quick to described the newsbreak as misinformed and unfound as it calls on the erring media to retract such reports.
It further revealed that what took effect was the adjustment in the rates for specific electric consumers to reflect the partial impact of inflation and movement in foreign exchange rates in compliance with the provisions of the Electric Power Sector Reform Act (EPRSA), and in line with the policy direction of the Federal Government.
“The attention of the Nigerian Electricity Regulatory Commission (“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 subsidized in line with the policy direction of the Federal Government.”
“In compliance with the provisions of the Electric Power Sector Reform Act (EPRSA) 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 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 firstname.lastname@example.org . The statement reads