NERC hikes electricity tariff for customers enjoying 20-hour power supply

THE Nigerian Electricity Regulatory Commission (NERC) has approved a tariff hike for Band A customers, who enjoy up to 20 hours of power supply.

The NERC’s vice-chairman, Musliu Oseni, disclosed this during a press briefing in Abuja on Wednesday, April 3.

Oseni said the increase would not affect customers on other bands, and it had taken effect from April 1.

Read Also:

Kaduna Electric obeys NERC, to refund overbilled customers

Ikeja electricity company suspends tariff hike for two weeks

Electricity tariff to go up soon, as NERC, DisCos meet on implementation

On Tuesday, April 2, Bloomberg reported that Nigeria would triple energy costs for 15 per cent of energy users, a move aimed at attracting investors into the sector.

Quoting sources in the presidency, Bloomberg reported that the tariff would be increased from N68 to as high as N200/kilowatt-hour, while subsidy would remain for those consuming less electricity.

In his address on Wednesday, Oseni stated that Band A customers made up 15 per cent of the Commission’s 12 million customers in Nigeria, adding that some consumers were being moved to Band B as their electricity distribution companies had failed to provide the required hours of electricity.




     

     

    In 2021, The ICIR reported that electricity Distribution Companies (Discos) were ripping customers off through the tariff band methodology, as customers were not being supplied with hours of electricity commensurate to their bands.

    Despite not receiving the required hours of electricity, customers, mostly those on higher bands, pay higher tariffs for power supply, which is mostly epileptic across Nigeria.

    Findings by The ICIR showed that customers do not get redress for being shortchanged due to the Discos’ inability to meet the required electricity supply.

    Poor power supply in Nigeria contributes majorly to poor industrialisation, high unemployment, and stagnating rural development.

    Ijeoma Opara is a journalist with The ICIR. Reach her via [email protected] or @ije_le on Twitter.

    Join the ICIR WhatsApp channel for in-depth reports on the economy, politics and governance, and investigative reports.

    Support the ICIR

    We invite you to support us to continue the work we do.

    Your support will strengthen journalism in Nigeria and help sustain our democracy.

    If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here


    Support the ICIR

    We need your support to produce excellent journalism at all times.

    - Advertisement

    Recent

    - Advertisement