Electricity tariff increase takes effect Sept 1 – NERC
NIGERIAN Electricity Regulatory Commission has approved an increase in electricity tariff with effect from September 1, 2020.
The hike rate comes into effect three months after the tariff hike implementation slated for July 1 was halted by the National Assembly, which prevailed on the distribution companies to shelve the date to the first quarter of 2021 due to the current economic challenges in Nigeria.
The NERC document showed that electricity customers, except those receiving less than 12 hours of supply, would have to pay more for electricity starting from September 1, 2020.
According to the document, the new tariff is based on the hours of electricity supply available to the customers.
Customers are categorised into maximum demand and non-maximum demand customers, as against the previous categories of residential, commercial and industrial customers, with different bands (A to E) depending on the level of supply.
For Ikeja Electric, a residential customer on single phase receiving a minimum of 12 hours of supply will now pay N42.73 per KWh, up from N21.30 per kWh.
For Eko Electricity Distribution Company, a residential customer on single phase receiving a minimum of 12 hours of supply will now pay N43.01 per kWh, up from N24 per kWh.
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