The Nigerian Electricity Regulatory Commission, NERC, has approved an increase in the electricity rates for customers in the Band A category.
The Vice Chairman of NERC, Musliu Oseni, who made this announcement while addressing journalists Abuja on Wednesday, revealed that there would be an increment in electricity tariffs.
This upward review will take the price of one kilowatt-hour to 225 up from the current rate of N66.
“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.”
