DevelopmentNews

NERC Denies Tariff Hike

The Nigerian Electricity Regulatory Commission (NERC) has denied reports that it has hiked electricity tariff by 50 percent.

The commission, however, admitted that a tariff hike ought to have taken place on January 1, 2020.

It noted that the tariff for customers on service bands D and E served with less than 12hours power supply per day over a period of one month remained frozen in compliance with a Federal Government directive.

“In compliance with the provision of the EPSR Act and the nation tariff methodology for biannual minor review the rate of service bands are adjusted from N2.00 to N4.00 per KWHR,”NERC said.

The Commission promised to remain committed to delivering good service to its customers and also urged customers who are affected with any strange charges should aptly report for review.


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