Pursuant to the tariff methodology adopted by the Nigerian Electricity Regulatory Commission (NERC), a revised tariff order covering the month of May 2024 has been issued by the Commission to the 11 electricity distribution companies.
According to a statement, the Commission said has considered changes in the macroeconomic parameters over the preceding month of April 2024 and especially the appreciation of exchange rates, consequently the Commission has approved a downward review of end-user tariffs for Band “A” customers from NGN225/kWh to NGN206.8/kWh.
“The Commission reaffirms its commitment to providing a balanced and effective regulatory regime serving the needs of the Nigerian Electricity Supply Industry”, it stated
Recall that the Nigerian Electricity Regulatory Commission, NERC, had increased the tariff paid by Band A customers from N68/KWh to N225/kWh last month.
Band A customers are expected to receive between 20 and 24 hours of electricity supply daily. Those under B enjoy 16 to 20 hours of power supply and those in Band C receive 12 to 16 hours daily.
NERC also said that Band A customers make up just 15 percent of total electricity customers in the country.
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