JUST IN: FG INCREASES ELECTRICITY TARIFF FROM N68/KWH TO N225

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The Nigerian Electricity Regulatory Commission (NERC) has approved an increase in electricity rates for Band A consumers, who normally receive at least 20 hours of daily electricity supply.

Band A customers represent approximately 15% of the total 12 million electricity customers in the country.

During a press conference held in Abuja on Wednesday, Vice Chairman of NERC, Musliu Oseni, announced that the approved increase will see Band A customers paying N225 per kilowatt-hour, a significant rise from the current rate of N66.

Oseni further disclosed that some customers previously classified under Band A have been downgraded to Band B due to the failure of their electricity distribution company to meet the required hours of electricity supply.

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“We currently have 800 feeders that are categorised as Band A, but it will now be reduced to under 500.

“This means that 17 percent now qualify as Band A feeders. These feeders only service 15 percent of total electricity customers connected to the feeders.

“The commission has issued an order which is titled ‘April Supplementary Order’ and the commission allows a 235 kilowatts per hour,” he disclosed.

He went on to say that the review will have no effect on customers who use other bands.