The Nigerian Electricity Regulatory Commission says no tariff increase has been approved by the commission yet.
NERC’s General Manager, Public Affairs, Usman Arabi, emphasised this in a statement to notify the public that no tariff increase had been approved by the commission.
Mr. 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.
He further stated that, 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.