• Reduces tariff by N19 as DisCos implement directive
• GenCos’ capacity stalls at 3,883MW as DisCos offtake 3,705MW
The Nigerian Electricity Regulatory Commission (NERC), yesterday, reduced the tariff for Band A customers by N19, bringing the total end-user bills for about 1.5 million Nigerians to N206.80 Kilowatt per hour (KWh).
The review in April may have marked the take-off of the monthly review of the electricity charges.
While NERC had adopted a slightly higher exchange for the initial tariff increase, The Guardian learnt that the commission used N1227/$ for the current tariff computation.
The adopted foreign exchange rate is slightly lower than yesterday’s closing spot rate (₦1354.21/$).
The development has also transitioned the Nigerian Electricity Supply Industry (NESI) to a monthly tariff adjustment, following the prevailing economic trends, including the exchange rate.
This comes as…
Read More