By Monday Samuel, Senior Correspondence
Following the recent report flying round the media on the increase in electricity tariff the commission has debunked the 50 percent increase, this was contained in a press release made available to the public.
According to the release, “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.”
The commission stressed, “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.”
The Commission however retraited it’s commitment towards protecting electricity consumers from failure to deliver on committed service levels under the service-based tariff regime.
In the light of strong public interest on this matter.
The commission however urged the media to retract their earlier publications misinforming electricity consumers nationwide about a purported 50% increase in electricity tariffs and beseached there customers to refer to the commission website and office line for further clarifications.