The Nigerian Electricity Regulatory Commission, NERC, said it approved the downward reduction of the electricity tariff of Band A customers due to improved exchange rates. The Commission in a statement issued Monday said it considered changes in the macroeconomic parameters over the preceding month of April 2024. The statement reads: “Pursuant to the tariff methodology […]
Nigerian govt confirms electricity tariff reduction for Band A customers
The Nigerian Electricity Regulatory Commission has confirmed electricity tariff reduction across eleven Electricity Distribution Companies. Dafe Akpeneye, Commissioner of Legal, Licensing and Compliance at NERC, disclosed this in an exclusive interview with DAILY POST on Monday. This comes against the backdrop of the recent announcement by Ikeja Electric that it has slashed the electricity tariff […]
BREAKING: Nigeria govt reduces electricity tariff for ‘Band A’ Customers
The Federal Government has reduced the electricity tariff for Band A customers. Recall that the Nigerian Electricity Regulatory Commission (NERC), had charged customers with a daily supply of a minimum of 20 hours to pay N225/Kwh. However, under the approved review, Band A customers are now to pay N206.80/Kwh. Ikeja Electric, in a notice to […]
PDP to elect new chairman in August as NEC extends Damagun’s stay
We can’t modify new electricity tariff – IBEDC
Regional Head of Ibadan Electricity Distribution Company, IBEDC, in Ilorin, Kwara State, Engr Toyin Akinyosoye, says the new electricity billing tariff (225/KWh) for customers in Band A is beyond what any power distribution company, Disco, can modify. This is coming amid criticism of the new increased tariff despite poor power supply to customers across the […]
Why we should turn off the economy’s deep freezers, By Uddin Ifeanyi
…a country is best served when services and goods providers operate in competitive markets. Rather than mount the bully pulpit, Chief Adelabu would serve the domestic power sector best by reducing monopoly behaviour therein. A competitive market would require free exit and entry of both consumers and suppliers of electricity. And where natural monopolies exist, […]
CSOs want Borno exempted from new electricity tariff
Civil Society Organisations, CSOs, in Borno State have implored the Nigerian Electricity Regulatory Commission, NERC, to exempt Borno State from the payment of the newly hiked electricity tariff. While speaking to newsmen in Maiduguri on Tuesday, April 9, the network of the CSOs said the exemption is necessary, considering the state’s status of recovering from […]
The new electricity tariff in Nigeria: Matters arising, By Tolu Ogunlesi
Group faults misleading narratives over electricity tariff hike
The Tinubu Media Support Group, TMSG, has said the public outrage over the removal of electricity subsidy for 15 per cent of consumers is unnecessary because the majority of Nigerians will continue to benefit from the subsidy The group condemned the attempt to muddle government policy by claiming that the price increase for electricity consumers […]