The Nigerian Electricity Regulatory Commission (NERC) has announced the implementation of a new electricity tariff, effective immediately, targeting approximately 15% of the customer population.
The revised rate is now brought to 225 naira per kilowatt-hour as against the previous 68-naira price.
The Vice Chairman of Market Competition Rates, Musiliu Oseni in a press briefing, clarified that the adjustment primarily affects customers who have consistently enjoyed an average of 20 hours of electricity supply.
Notably, many customers previously categorized as Band A customers will remain unaffected by the rate review.Details later…
Chioma Kalu
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