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The Nigerian Electricity Regulatory Commission (NERC) has announced an approved increase in electricity tariff for customers classified under Band A. According to Vice Chairman Musliu Oseni, customers in this band, who currently pay N66 per kilowatt-hour (KW/h), will now pay N225 KW/h.
Band A customers are those who enjoy 20-24 hours of electricity supply daily. The increase is aimed at ensuring cost recovery for power distribution companies (DISCOs) and improving service delivery.
Oseni clarified that the tariff review will not affect customers in other bands. He highlighted that Band A subscribers represent approximately 15% of the total 12 million electricity customers in Nigeria, accounting for about 1.8 million subscribers.
Meanwhile, sources revealed that the presidency, in a bid to attract new investments and reduce tariff subsidies, approved an increase in electricity prices to N200 ($0.15) per KW/h for urban consumers. This adjustment aims to cut the approximately $2.3 billion spent annually on tariff subsidies.
The increase in electricity tariffs is expected to facilitate infrastructure upgrades and enhance the overall efficiency of the power sector.
In a related development, the Lagos State subscribers under the Band A tariff plan, benefiting from 20 to 24 hours of electricity supply daily, have been listed. Notable areas include Ijaiye, Egbeda, Ogba, Oregun, PTC, and Lasunwon, among others, with varying consumption levels ranging from 854 KW/h to 998 KW/h.
