NERC clears air on electricity tariff increase

NERC clears air on electricity tariff increase

The Nigerian Electricity Regulatory Commission (NERC), says the tariff increase, earlier reported in the Media is not a new hike but was effected since December 2021.

In a press briefing in Abuja, the chairman of NERC, Mr Garba Sanusi said the Commission has not approved a new tariff as some reports gave the impression that it was a recent increase.

According to him, the commission is mandated to review tariff considering the inflationary and exchange rate fluctuations but a new tariff increase has not taken place.

Earlier, NERC in its website published a review of tariff increase for six Distribution Companies (DisCos) with effect from December 2021 and was signed by NERC chairman, Sanusi Garba.

Some of the indices considered for the tariff increase included gas price, inflation, exchange rate, US inflation rate and available generation capacity adding that these indices shall be reviewed.

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