NERC clarifies increase in electricity tarrifs

The Nigerian electricity regulation commission has clarified questions raised by reports that the commission has approved a 50% raise in electricity tariffs

In a statement released on Tuesday, the commission stated 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.”

According to the statement, “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 stated further that any customer that has been impacted by any rate increases beyond the above provision of the tariff Order should report to the Commission at [email protected]