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Energy Firms in Nigeria Hike Tariff for “Band A” Customers

newscentral.africa 2 days ago
AFRICA COAL-GENERATED ELECTRICITY
People in Soweto, South Africa, walk past electricity pylons July 3, 2022, during frequent power outages because of aging coal-fired plants. (CNS photo/Siphiwe Sibeko, Reuters)

Several electricity distribution companies (DISCOs) in Nigeria announced an upward review of tariffs for Band A customers on Wednesday. The review takes effect from July 1.

The distribution companies stated that customers within the Band A regime will now pay N209/kWH, up from the previous N206/kWH, noting that the tariffs for the remaining Bands remain unchanged.

Band A customers will now pay more for electricity

In April, the National Electricity Regulatory Commission (NERC) approved a significant hike in electricity tariffs from N68/kWh to N225/kWh, which drew criticism and legal fireworks nationwide.

While the DISCOs had a downward review of its tariff for the select customers from N225/kWh to N206/kWh in May, it said the recent hike was to fulfil its services to its customers.

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