NERC Denies Increase In Electricity Traffic
By Olamide Fadoju
The Nigerian Electricity Regulatory Commission (NERC) says there is no immediate increase in electricity tariff for customers. It said the proposed tariff review is what they are mandated to do as regulators which are carried out twice every year.
NERC Chairman Professor James Momoh stated this on Monday at a press brief organized to herald the 11th edition of the international Conference on Energy, Power system operations and planning. He said there is difference between tariff review and increase, assuring Nigerians that before any decision is made with the increase or decrease in tariff, the commission will meet with necessary stakeholder in the power sector to determine that.
"The proposed tariff review is what we are mandated to do as a regulator. We did the first one around June . January is here, we have no other option but to do our jobs.
"We have done the review and it is subject to public consultation. In the next three months, the entire commissioners and myself will be running from place to place to inform and engage you for consultation.
"If at the end of our meeting back and forth, we say no increase, then no increase. If there is going to be increase, it will be based on our engagement at the public forum."
Recall that NERC had on Saturday on its website approved an increase in electricity tariff by the 11 Electricity Distribution Companies in the country.