04 Dec 2022, 8:01 AM (GMT)

COVID-19 Global Stats

649,792,493 Total Cases
6,645,983 Death Cases
626,988,955 Recovered Cases
HeadlinesNews

NERC Debunks Rumour Approval Of 50% Increase In Electricity Tariffs

The Nigerian Electricity Regulatory Commission (NERC), in a series of tweets on Twitter debunked the rumour of purported approval of 50% increase in electricity tariffs.

NERC in the tweets said 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.

Read the tweets below;

“PUBLIC NOTICE ON PURPORTED 50% INCREASE IN ELECTRICITY TARIFFS

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”

Nadula Tax Return Season Sale under $200 wigs, beginner friendly & quick install

Advertisements

Lagos Post Online

Publisher, Lagos Post Online, Lagos Post is an online publication that seeks to provide fair, unbiased, credible, balanced and useful information about Corporate Organisations, Governments and the General Public by breaking news in Business, Politics, Arts, Entertainment, Culture, and Sports in Nigeria, Africa and the World. As a global news portal, we continually stand for responsible journalism and sound media practice. Mobile: +238025837037 Email: lagospostng@gmail.com

Related Articles

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker