NERC increases electric tariff

By Matthew Denis

The Nigerian Electricity Regulatory Commission (NERC) has granted permission for electricity tariff hike for customers categorized under Band A classification.

During a press briefing in Abuja on Wednesday Musliu Oseni, NERC’s Vice Chairman, announced that customers will now pay N225 per kilowatt-hour, up from the current rate of N66.

According to Oseni, customers represents 15 percent of the 12 million electricity customers in the country.

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

“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.”

According to him the commission has issued an order which is titled April supplementary order and the commission allows a 235 kilowatt per hour.”

He added that the review will not affect customers on the other Bands.