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Home Energy

Nigeria increases electricity tariff by 200%

Electrivity

The Matters Press by The Matters Press
April 3, 2024
Reading Time: 1 min read
0
Nigeria to close energy gap through Rural Electrification Agency

The Nigerian Electricity Regulatory Commission (NERC) has approved an increase in electricity tariff paid by Band A customers from N68/KWh to N225KWh.

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Band A are those customers who enjoy electricity supply for 20 hours per day.

Mr Musliu Oseni, Vice Chairman, Nigerian Electricity Regulatory Commission (NERC) said this at a news conference on Wednesday in Abuja.

Oseni said these customers represent 15 percent of the 12 million electricity customers across the country.

He said the commission had also downgraded some customers on Band A to Band C.

Oseni said that this was due to non-fulfillment of the required hours of electricity provided by the Electricity Distribution Companies (DisCos)

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