Three Things You May Wish To Note About The New Electricity Tariff Hike 

Following the approval of a 300 per cent electricity tariff hike by the Nigerian Electricity Regulatory Commission (NERC) on Wednesday, below are three highlighted things you may wish to note:

1.Customers Affected by Hike

NERC said that only Band A customers received at least 20 hours of power supplies from the eleven electricity distribution companies.

According to the Vice Chairman of NERC, Musiliu Oseni, only 15 per of the 12.12 million electricity customers in Nigeria are affected.

He explained that the tariff hike would not affect customers on B, C, D, and E, having less than 20 hours of power supply.

2.Implication of New Electricity Tariff

The hike implies that electricity consumers under B and A will pay 300 per cent more to get a power supply.

This means a complete electricity subsidy removal for customers under Band A.

However, the hike will not lead to an improvement in the electricity supply to the affected customers.

3.Date of hike commencement

According to the new tariff order, Discos commenced the implementation of the new electricity tariff on Wednesday, 3rd April 2024.

This means customers under Band A have begun paying 300 per cent more for electricity.

Send Us A Press Statement Advertise With Us Contact Us

 And For More Nigerian News Visit GWG.NG