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FG INCREASES electricity tariff by over 300%

The Federal Government of Nigeria through the Nigerian Electricity Regulatory Commission (NERC) has approved an increase of 340% in electricity tariff for customers under the Band A classification

FG INCREASES electricity tariff by over 300%
FG INCREASES electricity tariff by over 300%

According to the NERC’s Vice Chairman, Musliu Oseni, Band A customers will begin to pay N225 kilowatt per hour from the current N66.

Oseni disclosed this at a press briefing in Abuja on Wednesday.

Band A customers are those who enjoy 20 hours of electricity supply daily.

He said this class of customers represents 15 per cent of the 12 million electricity customers in Nigeria.

He also disclosed that the commission had downgraded some customers on Band A to Band B due to non-fulfilment of the required hours of electricity provided by the electricity distribution company.

He said 800 feeders are categorised as Band A which the commission plans to reduce to under 500.

This, according to him, means that 17 per cent now qualify as Band A feeders. “These feeders only service 15 per cent of total electricity customers connected to the feeders.”

He said the commission’s April supplementary order allows a 235 kilowatt-per-hour supply.

Oseni, however, added that the review would not affect customers on the other bands.

The post FG INCREASES electricity tariff by over 300% appeared first on Ladun Liadi’s Blog.

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