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No New Approval For Electricity Tariff Increase In Nigeria – NERC

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No New Approval For Electricity Tariff Increase In Nigeria - NERC

The Nigerian Electricity Regulatory Commission (NERC) says it has not granted any fresh approval for the increase of electricity tariff in Nigeria.

The commission stated that what is been termed a new/increased tariff by the electricity distribution companies is the approval granted since December 31, 2021, but which only became effective in February 2022.

The chairman of NERC, Mr. Sanusi Garba made the clarification on Friday in a chat with newsmen in Abuja.

Naija News reports there had been outcries from Nigerians following the news that the Nigerian Electricity Regulatory Commission (NERC) has approved tariff increases for six power distribution companies (DisCos).

But Garba in his clarification charged any consumer that has noticed an increase in the last one or two weeks to come public with the evidence.

In his words, “I want to, on behalf of the management of NERC, clearly state that as of today (Friday), we have not approved any rate review and there is no indication that any electricity distribution company is increasing its tariff.

“If you notice that the rate you buy electricity has changed within the last one to three weeks, we want evidence. The information posted on the NERC website was the last tariff rate review in December 2021.

“Our function is to approve applications for tariffs for the distribution companies, and we have not received any.

“We have clearly said that we have an obligation by law to do minor review every six months to take care of inflation, forex and so on.”

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