Business News

NERC Raises Electricity Tariff of Band A Customers to N225/kWh

tariff of Band A customers

By Adedapo Adesanya The Nigerian Electricity Regulatory Commission (NERC) has increased the electricity tariff of Band A customers across the country by 300 per cent to N225 per kilowatt-hour (kWh) from N68 per kilowatt-hour (kWh) with effect from today, Wednesday, April 3, 2024. The Vice Chairman of NERC, Mr Musliu Oseni, confirmed the hike in the electricity tariff to newsmen at a press briefing in Abuja on Wednesday after earlier reports on the development. Mr Oseni said Band A customers, who enjoy electricity supply for 20 hours per day, represent 15 per cent of the 12.5 million electricity customers in