The Nigerian Electricity Regulatory Commission (NERC) has on Tuesday confirmed a tariff hike earlier reported saying it ‘adjusted’ it by N2 to N4.
The tariff hike with effect from January 1, 2021, is coming two months after the last increment in November 2020.
The commission in a statement by its management said “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, it noted that 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.
However NERC said: “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 remains committed to protecting electricity consumers from failure to deliver on committed service levels under the service-based tariff regime.”
It called on DisCos’ customers that have been impacted by any rate increases beyond the above provision of the tariff Order to report to the Commission.