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We increased electricity by N4/kwh only – NERC

The Nigerian Electricity Regulatory Commission (NERC) has denied that it increased electricity tariff by 50 percent admitting that the increase was from N2-N4/kwh due to rise in inflation and foreign exchange.
The Commission in a statement said “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 Federal Government.

“In compliance with the provisions of the Electric Power Sector Reform Act (EPRSA) 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 and movement in foreign exchange rates”.

It added that it remained committed to protecting electricity consumers from failure to deliver on committed service levels under the service-based tariff regime.

Written by ExpressDay

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