There's no increase in electricity tariff yet - FG

There's no increase in electricity tariff yet - FG

- The Nigerian government has debunked reports that it increased electricity tariff for consumers across the country

- The Nigerian Electricity Regulatory Commission (NERC) said it has not approved any increase in tariff for electricity consumers

- The commission however said that NERC in exercising its powers under the Electric Power Sector Reform Act would continue to undertake periodic reviews of electricity tariffs in accordance with the prevailing tariff methodology

The Federal Government has said that there are no plans to increase electricity tariff for consumers in Nigeria.

Daily Trust reports that the Nigerian Electricity Regulatory Commission (NERC) said it has not approved any increase in tariff for consumers.

The general manager, public affairs for NERC, Usman Arabi, on Sunday, January 5, said reports that NERC has ordered an increase in electricity tariff for users is false.

Arabi said: "The attention of the NERC has been drawn to the publication in several electronic and print media that end-user electricity tariffs have been increased following the approval of the minor review (2016 – 2018) of the 2015 Multi-Year Tariff Order on August 21, 2019."

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“We wish to provide guidance that the minor review implemented by the commission was a retrospective adjustment of the tariff regime released in 2015," Arabi said.

He added that the review is to account for changes in macro-economic indices for the years 2016, 2017 and 2018 thus providing certainty about revenue shortfall that may have arisen due to the differential between tariffs approved by the regulator and actual end-user tariffs.

According to him: "The commission, therefore, wishes to notify the general public that no tariff increase has been approved by the commission vide the order.”

He further added that the NERC in exercising its powers under the Electric Power Sector Reform Act would continue to undertake periodic reviews of electricity tariffs in accordance with the prevailing tariff methodology.

Meanwhile, Legit.ng previously reported that the NERC had set new tariff mandating residential customers in Abuja and Ikeja to be paying N47.09 and N36.92 per unit respectively from January 2020.

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The commission sent the breakdown of the new directive to the 11 Distribution Company (DisCos) all over the nation in a statement by its chairman, Professor James Momoh.

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Source: Legit

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