NERC Approves Downward Review Of Tariffs For Band "A" Customers from N225/kWh To N206.8/kWh | Independent Newspaper Nigeria

2024-05-06 19:38:03

Independent Newspapers Nigeria

ABUJA. - The Nigerian Electricity Regulatory Commission (NERC) on Monday released a revised tariff order approving downward review of end-user tariffs for Band "A" customers from NGN225/kWh to NGN206.8/kWh.

In a statement NERC said the review which was sent to the 11 electricity distribution companies otherwise known as DisCos in the country covers the month of May 2024.

The statement which was was obtained by our Correspondent reads in part:

"Pursuant to the tariff methodology adopted by the Nigerian Electricity Regulatory Commission, a revised tariff order covering the month of May 2024 has been issued by the Commission to the eleven (11) electricity distribution companies.

"The Commission has considered changes in the macroeconomic parameters over the preceding month of April 2024 and especially the appreciation of exchange rates - consequently the Commission has approved a downward review of end-user tariffs for Band "A" customers from NGN225/kWh to NGN206.8/kWh.

"The Commission reaffirms its commitment to providing a balanced and effective regulatory regime serving the needs of the Nigerian Electricity Supply Industry".

2024-05-06 News