Tariff Increase Not Yet Approved - NERC - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 2
August 24, 2019
TheNigerian Electricity Regulatory Commission, NERC says no tariff increase hasbeen approved by the commission yet.
NERC’sGeneral Manager, Public Affairs, Usman Arabi in a statement in Abuja said itwas still consulting with stakeholders.
Hesaid that the commission wished to notify the public that no tariff increasehad been approved by the commission contrary to the impression in somequarters.
Arabisaid that the commission wished to provide guidance that the minor reviewimplemented by the commission was a retrospective adjustment of the tariffregime released in 2015
Hesaid that this was to account for changes in macroeconomic indices for 2016,2017 and 2018, which provided certainty about revenue shortfall that may havearisen due to the differential between tariffs approved by the regulator andactual end-user tariffs.