The Nigerian Electricity Regulatory Commission (NERC), says no
tariff increase has been approved by the commission yet.
In a statement, Mr Usman Arabi, NERC’s General Manager, Public
Affairs, however, in a statement on Friday in Abuja said it was
still consulting with stakeholders.
He said that the commission wished to notify the public that no
tariff increase had been approved by the commission contrary to the
impression in some quarters.
“However, the commission in the discharge of its statutory
responsibilities enshrined under the Electric Power Sector Reform
(EPSR) Act, shall continue to undertake periodic reviews of
electricity tariffs in accordance with prevailing tariff
methodology.
`In all instances of such reviews and rule-making, the
commission shall widely consult stakeholders and final decision
shall be taken with due regard of all contributions,” he said.
.
Arabi said that the commission wished to provide guidance that
the minor review implemented by the commission was a retrospective
adjustment of the tariff regime released in 2015
He said that this was to account for changes in macroeconomic
indices for 2016, 2017 and 2018, “thus providing certainty about
revenue shortfall that may have arisen due to the differential
between tariffs approved by the regulator and actual end-user
tariffs,” he said
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