We Have Not Approved New Electricity Tariff – NERC Makes Clarification

We Have Not Approved New Electricity Tariff – NERC Makes Clarification

The Nigerian Electricity Regulatory Commission (NERC) says the agency has not approved a hike in electricity tariff.

NERC Chairman Garba Sanusi said this while speaking to journalists in Abuja on Friday.  According to him, reports suggesting a hike in electricity tariff are untrue.  He said there was no new rise in the electricity tariff as the reports suggested.

“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,” he said.

“If you notice that the rate you buy electricity has changed within the last one to three weeks, we want evidence.”

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He explained the information on the NERC website indicated that the last tariff review was in December 2021.

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

His comment followed the agency’s publication of a review (on Thursday) of tariffs for six distribution companies with effect from December 2021.

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