JUST IN: FG approves increase in electricity tariff

The Nigerian Electricity Regulatory Commission (NERC) has approved the increase of electricity tariff for customers under the Band A classification.

NERC’s Vice Chairman, Musliu Oseni, at a news conference in Abuja on Wednesday, said the increase will see the customers pay N225 kilowatt per hour from the current N66.

It could be recalled that the customers under Band A are those who enjoy 20 hours of electricity supply daily.

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

He added that the commission had also downgraded some customers on Band A to Band B due to non-fulfilment of the required hours of electricity provided by the electricity distribution company.

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“We currently have 800 feeders that are categorised as Band A, but it will now be reduced to under 500. This means that 17 percent now qualify as Band A feeders. These feeders only service 15 percent of total electricity customers connected to the feeders.

“The commission has issued an order which is titled April supplementary order and the commission allows a 235 kilowatt per hour.”

He added that the review will not affect customers on the other Bands.