September 19, 2024

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Nigerians To Face Higher Electricity Bills As NERC Raises Price Cap

Nigerians To Face Higher Electricity Bills As NERC Raises Price Cap

 There will soon be  higher electricity bills for households in the country as the  Nigerian Electricity Regulatory Commission, NERC, has approved the raising of  the electricity rates for customers in the Band A category.

Team@orientactualmags.com learned that  the Vice Chairman of NERC, Musliu Oseni, who  announced this during the press conference he presided over in Abuja, noted that it will henceforth make customers pay N225 per kilowatt-hour instead of the current rate of N66.

‘We currently have 800 feeders that are categorized as Band A, but it will now be reduced to under 500. This means that 17 percent now qualify as Band-A feeders. These feeders only service 15 percent of total electricity customers connected to the feeders.

The commission has issued an order which is titled April supplementary order and the commission allows a 235 kilowatt per hour’ he said-Team@orientactualmags.com  Do you have any information you wish to share with us? Do you want us to cover your event or programme? Kindly send SMS to 08059100286, 09094171980 or get in touch via orientactualmag@gmail.com.  Thank you

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