The electricity subsidy paid by the Federal Government surged to N181.63 billion in September, up from N102.30 billion in May, indicating a potential tariff increase for customers on Band A feeders. In April, the Nigerian Electricity Regulatory Commission (NERC) announced the removal of subsidies for customers on Band A feeders, raising their tariff to N225 … Read more
NERC has not reverted to the old electricity tariff as directed by the House of Representatives due to a lack of official communication regarding the directive. EKO HOT BLOG reports that the Nigerian Electricity Regulatory Commission (NERC) has explained why it has not reverted to the old electricity tariff as directed by the House of Representatives. … Read more
Most Complaining About Tariff Hike Don’t Pay Bills – Minister. New tariff reduces Band A costs by 30-40%. Tariff aims to alleviate economic challenges, disputes cost increase claims. EKO HOT BLOG reports that Minister of Power, Adebayo Adelabu, has asserted that the Nigerians complaining about the recent tariff increase for Band A customers are primarily those … Read more
Eko Hot Blog reports that the Ikeja Electricity Distribution Company has announced a reduction in the price of electricity tariff for Band A customers. Ikeja Electricity Distribution Company announced the development on Monday in a memo on its official X account. The Company disclosed that the kilowatt electricity tariff for Band A customers was reduced from … Read more
NERC approves electricity tariff increase for Band A customers, raising the rate to N225 per kilowatt-hour from the current N66. Band A customers, enjoying 20 hours of electricity daily, represent 15% of Nigeria’s 12 million electricity customers. The tariff review is aimed at attracting new investment and reducing subsidies, as power companies seek to raise … Read more