NERC approves new electricity tariffs, takes effect Sept 1
In what should be a surprise to all Nigerians, after several denials of reports about plans to increase electricity tariffs, the Nigerian Electricity Regulatory Commission, NERC, has finally approved the incraeas, with effect from September 1, 2020.
Ashenewsonline recalls that about three months ago, the National Assemly, NASS, had had to halt the implementation of tariff hike set to have been effective July 1, as a result of the global coronavirus pandemic.
“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,” NERC said.
According to the NERC Approved Service-Based Tariff, a copy of which is obtained by Ashenewsonline, charges will now be based on tariff band, tariff class and hours of supply, while the tariff band are categorised into Band A, B, C, D, and E.
For Ikeja Electric, IEDC, 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, EEDC, 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.
For Abuja Electricity Distribution Company, AEDC, a residential customer on single-phase receiving between 12 to 16 hours of supply will now be charged N45.69 per KWh, up from N24.30 per kWh.
For Kaduna Electric, KAEDCO, a non-MD receiving between 12 and 16 hours will be charged N50.10 per KWh, adding however that Bands D and E have been temporarilly frozen.