Nigerian Electricity Regulatory Commission (NERC) has denied reports that some operators in the electricity market, particularly, the distribution companies are demanding for 100 increase in tariff.
NERC Head, Media Unit, Michael Faloseyi, said in statement on Wednesday that just as none of the operators in the Nigerian Electricity Supply Industry (NESI) has requested for such increase, it is also not contemplating hike in electricity tariff.
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.”