CurrentReport Blog In a recent development, the Nigerian Electricity Regulatory Commission (NERC) has authorized a significant adjustment in electricity tariffs, particularly impacting customers in the Band A category.
During a press briefing held in Abuja, Vice Chairman Musliu Oseni revealed that customers falling within this category will experience a notable increase in their electricity rates.
Effective immediately, customers in Band A will be required to pay N225 per kilowatt-hour, marking a substantial surge from the previous rate of N66. This decision comes as part of NERC’s efforts to streamline tariff structures and ensure the sustainability of the electricity sector.
Oseni further elaborated on the specifics, stating that the number of feeders categorized as Band A will be reduced from 800 to under 500. Consequently, only 17 percent of the total feeders will qualify under Band A, serving just 15 percent of the overall electricity customer base connected to these feeders.
To enforce this adjustment, NERC has issued an order titled “April Supplementary Order,” granting approval for a 235-kilowatt per hour consumption limit. This measure aims to balance the interests of both consumers and industry stakeholders while fostering a more efficient and reliable electricity supply across Nigeria.
While the decision may raise concerns among affected consumers, NERC reassures that these adjustments are essential for addressing operational challenges, enhancing service delivery, and promoting investments in the electricity infrastructure. The commission remains committed to fostering a sustainable and equitable electricity market that benefits all stakeholders.
