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No plans to increase electricity tariff yet – Nigerian Electricity Regulatory Commiss - Printable Version +- Forums (http://contripeople.com) +-- Forum: General Discussion (http://contripeople.com/forumdisplay.php?fid=5) +--- Forum: Market Place (http://contripeople.com/forumdisplay.php?fid=77) +--- Thread: No plans to increase electricity tariff yet – Nigerian Electricity Regulatory Commiss (/showthread.php?tid=27604) |
No plans to increase electricity tariff yet – Nigerian Electricity Regulatory Commiss - Edoman - 01-06-2020 No plans to increase electricity tariff yet – Nigerian Electricity Regulatory Commission The Nigerian Electricity Regulatory Commission (NERC) has denied media reports that it plans to increase electricity tariff soon. In a statement released and signed by its spokesperson, Usman Arabi, the NERC says it has no immediate plans to increase electricity tariff. Quote:''The attention of the NERC has been drawn to the publication in several electronic and print media that end-user electricity tariffs have been increased following the approval of the minor review (2016 – 2018) of the 2015 Multi Year Tariff Order on Aug. 21, 2019. We wish to provide guidance that the minor review implemented by the commission was a retrospective adjustment of the tariff regime released in 2015. The statement further added that the NERC, in the discharge of its statutory responsibilities enshrined under the Electric Power Sector Reform Act, would continue to undertake periodic reviews of electricity tariffs in accordance with the prevailing tariff methodology and that the commission will widely consult with stakeholders on electricity tariff increment whenever the need arises. |