The Nigerian Electricity Regulatory Commission NERC has dismissed the rumors making the rounds that there is going to be an increase in electricity tariff effective today.
The spokesperson of the commission, Usman Abba- Arabi in a chat with Business Standards, said, Nigerians should not bother themselves over the publication as to the effect that a new electricity tariff will come into operation today, 1st, January 2024. He said the writer of the story may have thought that going by the way Multi Year Tariff Order (MYTO) which stipulates that there must be a review of the economic indices that make up the electricity tariff every six months, the tariff would be increased this month.
He said there was no way that the electricity would be increased that NERC would not know. “But this that is being peddled around, we are not aware of it. Therefore Nigerians should go about their normal businesses.”
The story that the Electricity distribution companies have set out to effect a new tariff order for electricity has been trending on the internet.