The Nigerian Electricity Regulatory Commission , said it has not increased electricity tariff by 50 per cent.

The Commission , in a statement , said such increment was not contained in the tariff order for electricity distribution companies which took effect on January 1 , 2021 .

It said the tariff for customers being served less than an average of 12 hours of power supply per day over a period of one month remains frozen and subsidised in line with the policy direction of the Federal Government.

The statement partly read , “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 12 hrs 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 NGN 2 . 00 to NGN 4 . 00 per kWhr to reflect the partial impact of inflation & movement in forex .

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

Punch