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FG Hikes Electricity Tariff from N66 to N225 Per Kilowatt

Gbenro Adesina by Gbenro Adesina
April 3, 2024
in Power, Top News
Reading Time: 1 min read
0
FG raises electricity tariff for customers enjoying 20-hour power supply

President Bola Ahmed Tinubu

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The Federal Government under the leadership of President Bola Ahmed Tinubu, through the Nigerian Electricity Regulatory Commission (NERCH), has approved an increase in electricity tariff for customers under the Band A classification. The customers under Band A are those who enjoy 20 hours of electricity supply daily.

According to the Punch, the Vice Chairman, NERC, Musliu Oseni, said the increase will see the customers paying N225 kilowatt per hour from the current N66.

Speaking at a press conference in Abuja on Wednesday, April 3, 2024, Oseni said customers in Band A represent 15 per cent of the 12 million electricity customers in the country adding that the commission had also downgraded some customers on the Band A to Band B due to the non-fulfilment of the required hours of electricity provided by the electricity distribution company.

Oseni said, “We currently have 800 feeders that are categorised as Band A, but it will now be reduced to under 500. This 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. 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 would not affect customers on the other bands.

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Tags: electricity tariffMusliu OseniNigerian Electricity Regulatory Commission (NERC)
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