The Nigerian Electricity Regulatory Commission (NERC) on Monday reviewed electricity tariff for Band A consumers to NGN206.8/ kWh.
Following the review, NERC immediately ordered electricity distribution companies (DisCos) in the country to revise tariff for Band A customers from N225/kWh to N206.80/kwh.
According to NERC, the review is “largely driven by the relative appreciation of the Naira in the official foreign exchange window”.
“Effective from May 6, 2024, Band A end-user tariffs have been reviewed to NGN206.8/ kWh under MYTO 2024. This is largely driven by the relative appreciation of the Naira in the official foreign exchange window,” the Commission stated.
Recall that the National Assembly (NASS) in response to protests by electricity consumers over tariff increase had directed the commission to intervene.
Under the approved review, Band ‘A’ customers who were previously charged N225/Kwh are now to pay N206.80/kwh.
The band’s customers are those who enjoy a daily supply of a minimum of 20 hours.
DisCos comply with NERC order on reviewed electricity tariff for Band A
Meanwhile, electricity distribution companies (DisCos) in the country have complied with the new order to review tariff from N225/kWh to N206.80/kwh for Band A customers.
Management of Abuja Electricity Distribution Company (AEDC) confirmed complying with the order in a notice released on Monday in Abuja.
The notice read, ’’ We are pleased to share with you the revised tariff for our Band ‘A’ feeders, which will decrease from N225/kwh to N206.80 effective May 6.
“We assure customers on our Band ‘A’ feeders of continued availability of electricity supply for 20-24 hours daily. Please note that the tariffs for Band B, C D and E remain unaffected”.
Similarly, Ikeja Electric Distribution Company has announced reduction of electricity tariff for customers on Band A from N225/kwh to N206.80/kwh.
This is contained in a circular issued by the management of the company on Monday in Lagos.
According to the company, customers on band A will now pay N206.80/kwh, as against the stipulated N225/kwh ordered by NERC.
It expressed its commitment to providing 20 to 24 hours of electricity to users under the band, while stating, however, that the tariff for customers in other categories remained the same.
Also, the Ibadan Electricity Distribution Company (IBEDC) has begun the implementation of a downward review of tariff from N225/Kwh to N206.80/Kwh for Band A customers in its coverage territory.
This review followed the directive by NERC to DisCos to review downwardly tariffs for Band A customers only.
Mrs Busolami Tunwase, Lead, Media Relations, IBEDC, disclosed in Ota, Ogun, that the new tariff was with effect from May 4.
“Customers using prepaid meters will be the first to experience the revised tariff – N206.80/Kwh whenever they vend this month of May.
“While for Post-paid customers, the revised tariff will reflect in the electricity bills to be receive at the end of May 2024,” she said.
Tunwase said that the tariffs for band B,C,D and E remains unchanged.
She assured the customers that IBEDC remain unequivocally committed to ensuring quality and improved service across our franchise.
IBEDC coverage territory include Oyo, Ogun, Osun, Kwara, and parts of Ekiti, Niger and Kogi.