FG reduces electricity tariff for consumers

The Federal Government has reduced the electricity tariff for Band A customers.

Recall that the Nigerian Electricity Regulatory Commission (NERC), had charged customers with a daily supply of a minimum of 20 hours to pay N225/Kwh.

However, under the approved review, Band A customers are now to pay N206.80/Kwh.

Ikeja Electric, in a notice to its customers on Monday, said, “Please be informed of the downward tariff review of our Band A feeders from N225/kwh to N206.80/kwh effective May 6, 2024, with guaranteed availability of 20–24 hours of supply daily.”

The tariffs for Bands B, C, D, and E remain unchanged.”

On April 3, the NERC raised the electricity cost for Band A users from N68 to N255 per kilowatt-hour, claiming that other customers were unaffected by the increase.

Since the announcement of the additional multi-year tariff order, consumers classified as Band A have complained that the increase in energy bills is putting a strain on their budgets, urging the Federal Government to rethink the policy.

However, while appearing before the Senate Committee on Power for an investigation into the tariff hike last Monday, the Minister of Power, Adebayo Adelabu, warned that if the electricity tariff hike was not implemented, the country would experience a total blackout within the next three months.

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