FeaturedMetro

FG Approves 340% Increase In Electricity Tariff For Band A Customers

Jelili Gbadamosi

 

The Federal Government, acting through the Nigerian Electricity Regulatory Commission (NERC), has given the green light to a staggering 340% surge in electricity tariffs for customers falling under the Band A classification. 

 

This decision was officially announced by NERC’s Vice Chairman, Musliu Oseni, during a press briefing held in Abuja on Wednesday.

Under the approved adjustment, Band A customers, who currently pay N66 per kilowatt-hour, will now be required to pay N225 per kilowatt-hour.

 Band A customers are distinguished by their access to a generous 20 hours of electricity supply daily, making up 15% of the 12 million electricity customers across Nigeria.

However, Oseni revealed that some customers previously classified under Band A have been downgraded to Band B due to their failure to meet the required hours of electricity provision by the distribution companies.

In  additionally, NERC plans to reduce the number of feeders categorized as Band A from 800 to under 500, representing a shift where 17% of feeders now qualify as Band A, despite servicing only 15% of the total connected electricity customers.

Despite the tariff adjustment for Band A customers, Oseni emphasized that customers falling under other bands would remain unaffected by the review. The commission’s April supplementary order also permits a supply of 235 kilowatt-hours per hour.

Do you want to share a story with us? Do you want to advertise with us? Do you need publicity for a product, service, or event? Contact us on WhatsApp +2348183319097 Email: platformtimes@gmail.com

Related Articles

Back to top button