New Electricity Tariffs Takes Effect Today

Residential customers on single-phase receiving 12 hours of power supply will now pay N43.01 per kWh, instead of N24 per kWh.

Under the Service Based Tariff Structure, DISCOs can only review tariffs for customers under certain conditions. / Photo credit: guardian.ng
Under the Service Based Tariff Structure, DISCOs can only review tariffs for customers under certain conditions. / Photo credit: guardian.ng

Electricity consumers will from today, September 1, 2020 begin paying more as the new tariffs announced by the Nigerian Electricity Regulatory Commission (NERC) has gone into effect.

All the electricity distribution companies all have different tariffs and have increased their tariffs at different rates.

Some states are expected to witness as much as a 99 per cent increase in tariff.

READ ALSO: NERC Explains Electricty Tariff Reviews

Ikeja Electric, one of the Discos in Lagos has released it’s new rates. Residential customers on single-phase receiving at least 12 hours of power supply will now pay N42.73 per KWh, instead of the old rate of N21.30 per kWh.

Eko Electricity Distribution Company, another Disco in Lagos has different rates.

READ ALSO: Electricity Tariff Hike: Lawan, Gbajabiamila Meet Buhari, Osinbajo, Say Timing Is Wrong

Residential customers on single-phase receiving 12 hours of power supply will now pay N43.01 per kWh, instead of N24 per kWh.

Abuja Electricity Distribution Company (AEDC), has set its rate for residential customers on single-phase receiving between 12 to 16 hours of supply at N45.69 per KWh, up from N24.30 per kWh.

READ ALSO: Electricity: FEC Approves N8.64bn For Phase One Of Siemens Deal

In a statement on Monday, Oyebode Fadipe, general manager of corporate communications at Abuja Electricity Distribution Company (AEDC), said, “The Service Reflective Tariff (SRT) plan is a NERC mandated tariff structure whereby an upward increment in tariffs will result in substantially longer hours of power supply, good quality voltage profile, swifter response to faults clearing and provision of pre-paid meters.”

He added, “While we keep working at ensuring all classes of customers enjoy improved supply, customers who enjoy less than 12hrs of supply will not be affected by the new tariff plan. Hours of supply to this class of customers will also not be adversely affected by the implementation of the plan.”

Written by The Interview Editors

The Interview is a niche publication, targeting leaders and aspiring leaders in business, politics, entertainment, sports, arts, the professions and others within society’s upper middle class and high-end segment in Nigeria.

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