The Nigerian Electricity Regulatory Commission, NERC, has said that no tariff increase has been approved by the commission yet contrary to the impression in some quarters.
In a statement, Mr Usman Arabi, NERC’s General Manager, Public Affairs, on Friday, in Abuja, clarified 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.
Arabi said that the commission, in the discharge of its statutory responsibilities enshrined under the Electric Power Sector Reform Act, will continue to undertake periodic reviews of electricity tariffs in accordance with prevailing tariff methodology.
He however noted that 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.