Nigerian Electricity Regulatory Commission (NERC) has denied reports that the distribution companies operating in the electricity market are demanding for 100 per cent increase in tariff. According to a statement signed on Wednesday by Head of Media Unit of the commission, Michael Faloseyi, NERC said that it is also not contemplating hike in electricity tariff just as none of the operators in the Nigerian Electricity Supply Industry (NESI) has requested for such increase.
The statement reads: “Contrary to this wild and speculative media report, NERC has not received any request for 100 per cent increase in tariff from any electricity industry operator as most of them are at this moment pre-occupied with the challenges of improvement in service delivery imposed on them by the existing tariff regime. “The Commission as well as the industry is responsible enough to appreciate the state of the economy, level of power generation, how Nigerians are coping and would, therefore, not make any decision that could further aggravate the challenges faced by the power sector and the economy.
“Critical stakeholders in the economy are further advised not to be quick in joining the fray by reacting to baseless media speculation thereby lending credence to rumours and wild imaginations.”
