FG increases electricity tariff for customers

The Federal Government has increased the electricity tariff for customers under the Band A classification.

This followed the approval of the electricity tariff increase by the Nigerian Electricity Regulatory Commission (NERC).

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

The NERC Vice Chairman, Musliu Oseni, announced the increase while speaking at a press briefing in Abuja on Wednesday, April 3, 2024.

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He said Band A customers, with the electricity tariff increase, will henceforth pay N225 kilowatt per hour from the current N66, adding that the review will not affect customers on other Bands.

The NERC Vice Chairman, who disclosed that customers in Band A represent a 15 per cent of the 12 million electricity customers in Nigeria, said 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 companies.

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 NERC has issued an order which is titled April supplementary order and the commission allows a 225 kilowatt per hour.”

The Star