The Nigerian Electricity Regulatory Commission (NERC) has given approval for the increase in electricity tariffs, effective from Tuesday, September 1st, 2020.
This development comes three months after the National Assembly suspended the planned hike in tariffs by distribution companies (DISCOs).
The DISCOs had proposed July 1st for the implementation of the tariff hike, but the National Assembly had weighed in on the matter and asked that the date be shifted to the first quarter of 2021, considering the current economic realities.
However, a document of the regulatory body obtained by The Punch revealed that all electricity consumers who get more than 12 hours of supply would have to pay more.
For Ikeja Electricity Distribution Company, a residential customer, who is on single phase, receiving a minimum of 12 hours of supply will now pay ₦42.73 per KWh, up from ₦21.30 per kWh.
For Eko Electric, a residential customer on single phase receiving a minimum of 12 hours of supply will now pay ₦43.01 per kWh, up from ₦24 per kWh.
For the Electricity Distribution Company servicing Abuja and its environs, a residential customer on single phase receiving between 12 to 16 hours of supply will now be charged ₦45.69 per KWh, up from ₦24.30 per kWh.
Kaduna Electric made it known via its Twitter handle that non-MD receiving between 12 and 16 hours will be charged ₦50.10 per KWh, adding that the tariffs for customers receiving less than 12 hours had been temporarily frozen.
“Following consultations and directions on tariff policy, the commission hereby approves a deferment of the applicable tariffs for customers in service bands D and E (that is customers with a service commitment of less than an average of 12 hours supply per day over a period of one month) for the period September 1, 2020 to January 1, 2021.”
You want to share a story with us? You want to advertise? You need publicity for a product, service, or event? Contact us on WhatsApp – +234 803 3018 881