Electricity tariff increase for customers under the Band A classification has been approved by the Nigerian Electricity Regulatory Commission. Band A are those who enjoy 20 hours of electricity supply daily.
This was as the Vice Chairman, NERC, Musliu Oseni, revealed that the increase will see the customers paying ₦225 kilowatt per hour as opposed the current ₦66.
He further explained that customers in Band A represent 15 per cent of the 12m electricity consumers in the country, and that some customers on the Band A have been pushed downwards 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 per cent now qualify as Band A feeders. These feeders only service 15 per cent of total electricity customers connected to the feeders,” Oseni said.
“The commission has issued an order which is titled April supplementary order and the commission allows a 235 kilowatt per hour.”
However, the review will not affect customers on the other Bands.
This follows an earlier announcement on Monday by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), revealing the new domestic base price and wholesale prices of natural gas for 2024, raising it up to $2.42 per metric million British thermal units, from the previous rate of $2.18mmbtu.
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