Business
Nigerians May Pay More For Electricity As NERC Yet To Suspend Tariff Increase
Published
2 years agoon
By
Kennedy Igwe
Nigerians will from Wednesday, April 1, pay more for electricity as the Nigerian Electricity Regulatory Commission NERC has yet to suspend its decision to increase electricity tariff despite lock down caused by the deadly coronavirus pandemic.
NERC had disclosed in its December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020 that the order was issued to reflect the impact of changes in the minor review variables in the determination of cost-reflective tariffs and relevant tariff and market shortfalls for 2019 and 2020.
According to checks by The Punch on Monday, the decision to increase tariff had not yet been suspended despite the lockdown occasioned by the COVID-19 pandemic.
A top source at Ikeja Electric told The PUNCH that the firm had not received any directive from NERC as regards reversal of the plan.
He said, “According to the tariff order for the year, we are supposed to increase on April 1, 2020. So far, we have not received any directive not to go ahead.”
Efforts to get NERC to speak on the matter were not successful on Monday as the spokesman for the commission, Usman Arabi, said he was not around but on a course at the National Institute for Policy and Strategic Studies.
Arabi’s substitute, however, did not respond to calls or a text message sent to him. Punch reports.

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