The Nigerian Electricity Regulatory Commission (NERC) has announced an increase in electricity tariff for customers within the Band A category to N225/kWh.
This follows the recent increase in the base price for natural gas from US$2.18 to US$2.42 per metric million British thermal units (mmbtu) by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
Addressing a press conference in Abuja, the capital of Nigeria, on Wednesday, the Vice Chairman of NERC, Musliu Oseni said power distribution companies (DisCos) would be allowed to increase electricity tariff from the current 66 Naira to 225 Naira per kilowatt-hour.
“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 feeder.
“The Commission has issued an order which is titled ‘April supplementary order’ and the commission allows a 235 kilowatt per hour,” he said.
Source: https://energynewsafrica.com
