The federal government has announced an increase in electricity tariff by 15 percent.
The announcement which was made on Wednesday would affect the rate paid per kilowatt hour (kwh) of electricity from about N68 to N225 for most Band ‘A’ Nigerian customers who consistently have 20 hours of supply daily.
Announcing the development in Abuja, the power sector regulator, the Nigerian Electricity Regulatory Commission (NERC), noted that only about 15 percent of the over 12 million registered power customers will be affected by the new decision.
Vice Chairman of NERC, Musiliu Oseni, who stood in for the Chairman, Sanusi Garba, during the press briefing, stated that only a fraction of the over 3,000 Distribution Companies (Discos) feeders, that is less than 500 feeders, will be impacted.
He revealed that NERC had also ordered that the majority of the feeders that did not meet the 20-hour supply threshold before will be downgraded to lower bands.
Oseni explained that for now, tariffs for every other band remain unaffected.
A calculation of the new rate further showed that it was hiked by as much as 230 percent per kWh.
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