The Federal Government has responded to claims of a
purported electricity tariff increment on July 1.
Responding to an enquiry on Monday
concerning electricity tariff increments by Electricity Distribution Companies,
DisCos, the Nigerian Electricity Regulatory Commission (NERC) said there is yet
to be an approval.
The Assistant General Manager, Public Affairs of NERC, Mr
Michael Faloseyi, disclosed this.
He stressed that the commission has yet to approve
electricity tariff increments.
“I can confirm that the Commission has not approved any tariff increase”, he said
NERC’s response comes against speculations of a 40 per cent
electricity tariff increase.
In the last three years, several upward electricity tariff
adjustments have been implemented under the NERC’s Multi-Year Tariff Order,
MYTO, in line with current economic realities, in this case, the inflation rate
and the exchange rate of Naira at the foreign exchange window.
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