Electricity Tariff: FG Clarifies Position, Says Adjustments Minor

Related stories

Ranked: Top 15 Countries by Military Budgets in 2025

Key Takeaways The U.S. military budget in 2025 ($962 billion) remains...

Charted: Ukraine Is Russia’s Third Deadliest War

Key Takeaways The full-scale invasion of Ukraine has become...

US government warns: Green Cards and Visas will be revoked if …

The US Citizenship and Immigration Services (USCIS) has issued...

Ganduje’s Resignation: APC Govs React, Say Move Part Of Internal Evolution

By Kolawole Ojebisiø The All Progressives Congress governors, under the...

The Nigerian Electricity Regulatory Commission (NERC) has cleared the air over raging controversy over reported hike electricity tariff by over 50 per cent.

According to the electricity regulatory body,  the rates for service bands A, B, C, D and E were insignificantly  adjusted by NGN2.00 to NGN4.00 per kWhr.

The Commission in a statement  by its spokesman, Micheal Faloseyi rationalized  the adjustment on ground that it is a reflection of existing  impact of inflation as well as changes in forex dynamics which have greatly affected the NERC operations.

The electricity regulator body further disclosed that its customers on service bands D and E are not affected by this latest adjustment.

The NERC statement as released by Faloseyi reads  thus: “The attention of the Commission has been drawn to publications in the print and electronic media misinforming electricity consumers that the Commission has approved a 50% increase in electricity tariffs.

“The Commission hereby state unequivocally that NO approval has been granted for a 50% tariff increase in the Tariff Order for electricity distribution companies which took effect on January 1, 2021.

“On the contrary, the tariff for customers on service bands D & E (customers being served less than an average of 12hrs of supply per day over a period of one month) remains frozen and subsidised in line with the policy direction of the FG.

“In compliance with the provisions of the EPSR 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 NGN2.00 to NGN4.00 per kWhr to reflect the partial impact of inflation & movement in forex.

“In the light of strong public interest on this matter, the media is hereby requested to retract their earlier publications misinforming electricity consumers nationwide about a purported 50% increase in electricity tariffs.

“The Commission remains committed to protecting electricity consumers from failure to deliver on committed service levels under the service-based tariff regime.

“Any customer that has been impacted by any rate increases beyond the above provision of the tariff Order should report to the Commission at customer.complaints@nerc.gov.ng.”

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

NDN
Latest News
Ranked: Top 15 Countries by Military Budgets in 2025Charted: Ukraine Is Russia’s Third Deadliest WarUS government warns: Green Cards and Visas will be revoked if ...W'Bank Lists Nigeria, Ukraine, Mali, Libya, Others As Economies Where People Live On Less Than $3/DayGanduje's Resignation: APC Govs React, Say Move Part Of Internal EvolutionHow Nigeria Can Achieve Trillion-dollar Economy --- AfDB[Video] Jonathan Opens Up: How Yar'adua's Aide Withheld Handover Letter To Nat'l Assembly To Create ChaosGambari Mourns, Pays Heartfelt Tribute to Ex-Gov Cornelius Adebayo[Photos] Wike, Fubara, Amaewhule Reunite at Burial in Rivers, Signaling Peace After Tinubu’s MediationFLASH BACK: How Aminu Dantata, Dangote's Great Uncle, Wished For Death Almost 3 Years Ago[VIDEO] Wike, Fubara: Wike supporters mocking FubaraTrump’s Confusing Message About Iranian OilTrump says he’s terminating trade talks with Canada over tax on tech firmsList of Top 5 Countries That No Longer ExistMonday Okpebholo, Ifeanyi Uba's Seats: INEC Unveils Timetable for Bye-Elections as Voter Registration Resumes August 18
X whatsapp