The Nigerian Electricity Regulatory Commission has confirmed electricity tariff reduction across eleven Electricity Distribution Companies.
Dafe Akpeneye, Commissioner of Legal, Licensing and Compliance at NERC, disclosed this in an exclusive interview with DAILY POST on Monday.
This comes against the backdrop of the recent announcement by Ikeja Electric that it has slashed the electricity tariff for band A customers to 206.80 per Kilowatt-hour from N225 per Kwh.
The disco stated that the implementation of the new tariff commenced on Monday, May 6, 2024.
The figure represents an N18.2 tariff reduction.
Reacting to the development, Akpeneye confirmed that the Commission had approved the reduction as announced by Ikeja Disco.
He noted that the reduction applies to all Discos across the country.
“The order came from the Commission. It will be published on the NERC website later in the day”, he said.
As of the report’s filing, the Abuja Electricity Distribution Company, Kaduna Electric, and Ibadan Electricity Distribution Company have also announced the new tariff reduction for band A customers.
In April, NERC had initially approved an N225 per Kwh electricity tariff for customers under band A, getting 20-24 power supply in Nigeria.
However, the Trade Union Congress and Nigeria Labour Congress issued a two-week ultimatum to the Federal Government to reverse its tariff hike.
Nigerian govt confirms electricity tariff reduction for Band A customers