The Nigerian Electricity Regulatory Commission (NERC) recently disclosed its readiness to commence the processes for a minor review of the tariff in July, based on “changes in inflation, foreign exchange, gas prices, and available generation capacity” among other factors.
The commission said that it was ready to conclude the “Extraordinary Tariff Review process” for the country’s 11 electricity distribution companies.
The Federal Minister of Power, Sale Mamman, however on Friday said there is no plan to significantly raise electricity tariffs across the country. Rather Nigerians should expect an increase in the power sector’s efficiency.
According to the Minister of Power, NERC’s action is in accordance with Section 76 of the Electric Power Sector Reform Act of 2005.
“The tariff for customers on service bands D & E (customers being served less than an average of 12hrs of supply per day over a period of one month) remains subsidized in line with the policy direction of the Federal Government.”