The Nigerian Electricity Regulatory Commission, NERC, has pushed back at the criticism trailing its increase of electricity tariff effective from this month.
The hike sparked outrage with several commentators taking a swipe at the federal government alleging it of insensitivity to the plight of the common man who are already battling inclement economic climate worsened by COVID-19.
NERC in a statement it released, denied suggestion that the tariff hike was by 50%, saying there was only a price adjustment from N2 to N4 with certain class of customers only affected.
“The tariff for customers on service bands D and E (customers being served less than an average of 12hours 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 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 N2 to N4 per kWhr to reflect the partial impact of inflation and movement in foreign exchange rates,” the statement reads in part.
