NERC Hikes Electricity Tarrif. - Business - Nairaland
Nairaland Forum › Nairaland General › Business › NERC Hikes Electricity Tarrif. (754 Views)
| NERC Hikes Electricity Tarrif. by GAZZUZZ(op): 2:56pm On Apr 03, 2024 |
The Nigerian Electricity Regulatory Commission, NERC, has approved an increase of electricity tariff to N225 ($0.15) per kilowatt-hour from N68. This is a 300 percent hike and takes effect from April 1, 2024. However, it will be for urban consumers, also known as Band A consumers in the country. Accordingly, power distribution companies, DisCos, are allowed to raise electricity tariff to N225 ($0.15) per kilowatt-hour from April 1. The Vice Chairman of NERC, Musiliu Oseni, made this announcement in Abuja Also, Oseni clarified that the rate increase will only affect 15 percent of the electricity customers in the country. Oseni also revealed that the 15 percent customers consume 40 percent of the nation’s electricity. Band A NERC Service-Based Tariff, SBT, scheme classifies consumers based on the number of hours of electricity supply per day. SBT, introduced on the 1st of November 2020, classifies consumers into Bands A to E as follows: Band A: Minimum of 20 Hours Band B: Minimum of 16 Hours Band C: Minimum of 12 Hours Band D: Minimum of 8 Hours Band E: Minimum of 4 Hours We will bring you more details on the current electricity tariff hike as they come. Vanguard News https://www.vanguardngr.com/2024/04/nerc-hikes-electricity-tariff-from-n68-to-n225-kwh/amp/ 2 Shares
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| Re: NERC Hikes Electricity Tarrif. by GAZZUZZ(op): 2:56pm On Apr 03, 2024*. Modified: 3:32pm On Apr 03, 2024 |
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| Re: NERC Hikes Electricity Tarrif. by GAZZUZZ(op): 2:58pm On Apr 03, 2024*. Modified: 11:24pm On Apr 03, 2024 |
It is official, it is now cheaper to run a CNG powered gen, than use public utility. Check this sample . https://www.youtube.com/watch?v=rDABVXLZEHg?si=CKRzFWjLaXbGu1if 2 Likes 2 Shares |
| Re: NERC Hikes Electricity Tarrif. by hisgrace090: 3:12pm On Apr 03, 2024 |
Very few Nigerians can afford this. |
| Re: NERC Hikes Electricity Tarrif. by suckmedownthere(f): 3:13pm On Apr 03, 2024 |
Why can't this electricity distribution people share prepaid meters and forget about bullshiting every time, the president can't not order for meters, the senate can't, the house of rep can't, nobody can't..... Now na band A go get light but the rest of us.....Nigeria is just like animal farm, we are all equal but some of us are more equal than others, since morning I came back from work no light and my phone is very low.... 1 Like |
| Re: NERC Hikes Electricity Tarrif. by oliverwrites: 3:49pm On Apr 03, 2024 |
I will gladly pay this. I currently spend about 13k ( used to be about 35k but supply became poor ) a month on power supply but will gladly pay 90k a month to have 20 hours of power supply. Currently spending 15k ( about 18 litres ) on fuel if less than half of that is going to electricity bill and I get 20 hours then so be it. Those I pity are those who don't use the electricity to work. I work from home and need constant supply. And to be fair, the countries we aspire to be like don't buy electricity as cheaply as we do. My only gross is the bastard politithievans, they will still do rubbish. |
| Re: NERC Hikes Electricity Tarrif. by GAZZUZZ(op): 4:18pm On Apr 03, 2024 |
oliverwrites:Then we should talk . 24hrs of electricity guaranteed on minimum 10k with 6-12kva petrol gen with CNG 1 Like 1 Share
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| Re: NERC Hikes Electricity Tarrif. by oliverwrites: 4:36pm On Apr 03, 2024 |
GAZZUZZ:I messaged you on the WhatsApp number on your profile. |
| Re: NERC Hikes Electricity Tarrif. by cyberguy72(m): 3:38am On Apr 04, 2024 |
GAZZUZZ:Is it not prone to explosion? |
| Re: NERC Hikes Electricity Tarrif. by GAZZUZZ(op): 7:45am On Apr 04, 2024 |
cyberguy72:It is not |
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