Source: VanguardNG The Nigerian Electricity Regulatory Commission, NERC, has approved an increase of electricity tariff to N225 ($0.15) per kilowatt-hour from N68. This is a 300 percent hike and takes effect from April 1, 2024. However, it will be for urban consumers, also known as Band A consumers in the country. The Vice Chairman of NERC,…
Electricity Grid • NERC maintains silence over July 1 take-off • May quietly approve new tariff • Consumers experience vending challenges amid panic buying • Hike unavoidable but Ill-timed, experts insist There is apprehension in the country over the planned introduction of a new electricity tariff regime, which is expected to take off today. With…
The electricity sector was thrown into confusion, yesterday, as distribution companies (DisCos) indicated electricity tariff could increase to about N300 per kilowatt in July. The companies had informed end-users that the tariff would increase effective July 1, 2023. They had also prompted consumers to take advantage of the grace period to buy units. While The…
