The Nigerian Electricity Regulatory Commission, NERC says no tariff increase has been approved by the commission yet.
NERC’s General Manager, Public Affairs, Usman Arabi in a statement in Abuja said it was still consulting with stakeholders.
He said that the commission wished to notify the public that no tariff increase had been approved by the commission contrary to the impression in some quarters.
Arabi said that the commission wished to provide guidance 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, which provided certainty about revenue shortfall that may have arisen due to the differential between tariffs approved by the regulator and actual end-user tariffs.
