The Nigerian Electricity Regulatory Commission (NERC) has dismissed issuing any approval for the increase of electricity tariff from January 1, 2023.
Reports had claimed that the commission gave consent to plans on increasing the electricity tariff and distribution companies (DisCos) would soon inform customers about the development.
Refuting the claims, Usman Abba Arabi, NERC’s spokesperson, said the commission had not approved new electricity tariffs.
Arabi said: “The Commission (NERC) has not approved any new electricity tariffs for any of the electricity distribution companies within the Nigerian Electricity Supply Industry.
“No new electricity tariff has been approved. Nigerians should ignore any news reports about new electricity tariff coming up on the 1st January 2024.”
In November 2023, Adebayo Adelabu, Minister of Power, said President Bola Ahmed Tinubu stopped the increase in electricity tariff, insisting on the payment of subsidy on power consumed in the country.
In its third-quarter (Q3) report, NERC had said the government incurred a subsidy obligation of N204.59 billion during the period.
The report noted that the subsidy expenses were incurred due to the lack of cost-reflective tariffs across all DisCos.
