May 6, (THEWILL) – The Federal Government, through the Nigerian Electricity Regulatory Commission (NERC), has ordered the downward review of electricity tariff for Band A customers to N206.80 per kilowatt-hour from N225/kWh.
In a statement on Monday, the electricity market operator said the development was due to the appreciation of the naira in the official exchange window.
“Effective from May 6, 2024, Band A end-user tariffs have been reviewed to NGN206.8/kWh under MYTO 2024. This is largely driven by the relative appreciation of the Naira in the official foreign exchange window,” the statement said.
The development was confirmed in separate notices by the Discos.
A notice by Ikeja Electric to its customers reads: “Please be informed of the downward tariff review of our Band A feeders from N225/kWh to N206.80/kwh effective 6th May 2024, with guaranteed availability of 20-24hrs supply daily. The tariff for Bands B, C, D, and E remains unchanged,” the notice read.
Similarly, the Abuja Electricity Distribution Company (AEDC) announced the review of the tariff to its customers in Band A.
“We are pleased to share with you the revised tariff for our Band A feeders, which will decrease from N225/kWh to N206.80/kWh effective today, May 6th 2024. We assure customers on our Band A feeders of continued availability of electricity supply for 20-24 hours daily. Please note that the tariffs for Bands B, C, D, and E remain unaffected,” AEDC wrote.
Also, the Kaduna Electricity Distribution Company has informed Band A customers that they can now enjoy a reduced electricity tariff of N206.80/kWh from N225.
“The Management of Kaduna Electric is pleased to inform the public of a downward review in the tariff of our Band A feeders from N225/kWh to N206.80/kWh. The review is effective from 6th May 2024 and affects both prepaid and postpaid customers.
“Kaduna Electric assures customers on its Band A feeders of the continued availability of 20-24hrs supply daily as stipulated in the Service Based Tariff regime.
“The public should please note that the tariff for Bands B, C, D, and E remains unchanged,” the Disco said.
