No electricity tariff increase has been approved yet —— NERC

No electricity tariff increase has been approved yet —— NERC
Written by Maritime First

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.


Nigerian Ports Authority (NPA) Board Chairman, Emmanuel Olajide Adesoye (3 rd left), surrounded by other board members, on the right is the Port Manager, Tin Can Island Port (TCIP) during working tour of Ikorodu Lighter Terminal at the course of the week.


“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.

Also read: Planned increase in electricity tariff done through consultation — NERC

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.




About the author

Maritime First