The Nigerian Electricity Regulatory Commission has approved an increase in the electricity tariff paid by customers from N68/KWh to N225/kWh.
It was gathered that the 300 percent hike will be for urban consumers, also known as Band A consumers, and take effect from April 1, 2024.
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The Vice Chairman of NERC, Musiliu Oseni, who made this announcement in Abuja while speaking at a press conference on Wednesday, said customers in Band A represent 15 percent of the 12 million electricity customers in the country.
He added that the commission had also downgraded some customers on the Band A to Band B due to the non-fulfillment of the required hours of electricity provided by the electricity distribution company.
Oseni said: “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.
“The commission has issued an order which is titled ‘April Supplementary Order’ and the commission allows a 235 kilowatt per hour.”
Oseni added that the review will not affect customers on the other bands.
NERC Service-Based Tariff scheme classifies consumers based on the number of hours of electricity supply per day.
SBT, introduced on November 1, 2020, classifies consumers into Bands A to E as follows:
Band A: Minimum of 20 Hours
Band B: Minimum of 16 Hours
Band C: Minimum of 12 Hours
Band D: Minimum of 8 Hours
Band E: Minimum of 4 Hours.