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BREAKING: NERC increases Electricity tariff with effect from Sept 1

By Maria Ifafesobi
The Nigerian Electricity Regulatory Commission (NERC) has approved an increase in electricity tariff after three months of initial implementation slated for July 1 was thwarted by the National Assembly.
This delay made the electricity distribution companies to postpone the date to the first quarter of 2021 due to the country’s current economic challenges.
According to The PUNCH a NERC document was seen on Tuesday showing that electricity customers, except those receiving less than 12 hours of power supply, would start paying more for electricity with effect from September 1, 2020.
The documents showed that the new tariff is based on the hours of electricity supply being consumed by customers. The customers were also categorized into maximum demand and non-maximum demand customers as against the previous categories of residential, commercial, and industrial customers.
For Ikeja Electric, a residential customer using single-phase and consuming a minimum of 12 hours of supply will now pay N42.73 per KWh from N21.30 per kWh. While Eko Electricity Distribution Company’s residential customer using a single-phase and consuming a minimum of 12 hours of supply will now pay N43.01 per kWh from N24 per kWh.
Also, Abuja Electricity Distribution Company’s residential customers using a single-phase consuming about 12 to 16 hours of supply will now pay N45.69 per KWh, from N24.30 per kWh.
The Kaduna Electricity Distribution Company tweeted on Twitter on Monday that non-MD consuming about 12 and 16 hours will be charged N50.10 per KWh, adding that the tariffs for customers receiving less than 12 hours had been temporarily frozen.
It said, “Following consultations and directions on tariff policy, the Commission hereby approves a deferment of the applicable tariffs for customers in service bands D and E (that is customers with a service commitment of less than an average of 12 hours supply per day over a period of one month) for the period September 1, 2020, to January 1, 2021.”
© Technocrat Media House
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