No Increase In Electricity Tariff – NERC Insists

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The management of the Nigerian Electricity Regulatory Commission (NERC) has said there is no 50 per cent increase in electricity tariff.

NERC spokesman Micheal Faloseyi refuted the reported increment in a statement issued on Tuesday.

Faloseyi said that the commission remains committed to protecting electricity consumers from failure to deliver on committed service levels under the service-based tariff regime.

The NERC spokesman asked any customer that has been impacted by any rate increase beyond the above provision of the tariff order should report to the commission.

He also said the tariff for customers being served less than an average of 12 hours of power supply per day over a period of one month remains frozen and subsidized in line with the policy direction of the Federal Government.

Newsmen had earlier reported that the regulator again increased electricity tariff payable by power consumers across the country.

Providing reasons for the latest tariff hike, the commission had said it considered the 14.9 per cent inflation rate rise in November 2020 and foreign exchange of 379.4 naira to dollar as of the 29th of December 2020.

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