The Nigerian Electricity Regulatory Commission, NERC, has clarified that reviews do not automatically translate into an increase in electricity tariffs.
The electricity market regulator made this known in a statement entitled “Notice of Compliance in Respect of the Biannual Review of the Revenue Requirements of Licenses” published on Tuesday.
According to the NERC, where the impact of improved efficiency in operating parameters for individual licensees exceeded the impact of changes in macroeconomic parameters, end-users might be reduced as exhibited in some tariff classes under the Multi Year Tariff Order, MYTO 2022.
The clarifications came following backlashes that greeted recent reports of an increase in tariffs by the electricity distribution companies, DisCos.
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