We Only Increased Tariff By N2 To N4 Per kWhr – NERC
The Nigerian Electricity Regulatory Commission (NERC) has said it only hiked the tariff of some selected classes of consumers.
It said, “The tariff for customers on service bands D and E (customers being served less than an average of 12hours of supply per day over a period of one month) remains frozen and subsidised in line with the policy direction of the Federal Government.
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In compliance with the provisions of the Electric Power Sector Reform 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 N2 to N4 per kWhr to reflect the partial impact of inflation and movement in foreign exchange rates.”
The commission argued that it never hiked tariff by 50 per cent, adding that it remained committed to protecting electricity consumers from failure to deliver on committed service levels under the service-based tariff regime.
