… orders review of end-user tariffs for Band “A” from NGN225/kWh to NGN206.8/kWh.
…asks System Operator (SO) to start capping power supply to international customers, which includes Benin Republic, Niger and Togo.
Under the tariff methodology adopted by the Nigerian Electricity Regulatory Commission, a revised tariff order covering the month of May 2024 has been issued by the Commission to the eleven (11) electricity distribution companies.
The Commission has considered changes in the macroeconomic parameters over the preceding month of April 2024 and especially the appreciation of exchange rates – consequently the Commission has approved a downward review of end-user tariffs for Band “A” customers from NGN225/kWh to NGN206.8/kWh.
The Commission reaffirms its commitment to providing a balanced and effective regulatory regime serving the needs of the Nigerian Electricity Supply Industry.
Meanwhile, Ikeja Electric Distribution Company (IE) had in a statement on Monday reflected this in its tariff order. It stated; “Please be informed of the downward tariff review of our Band A feeders from N225/kwh to N206.80/kwh effective 6th May 2024 with guaranteed availability of 20-24hrs supply daily.
“The tariff for Bands B, C, D, and E remains (unchanged.)”
In another step to boost electricity supply to customer, the Nigerian Electricity Regulatory Commission (NERC) has mandated a department within the Transmission Company of Nigeria, the System Operator (SO) to start capping power supply to international customers, which includes Benin Republic, Niger and Togo.
NERC’s order, published at the weekend, Friday, May 3rd but dated April 29, 2024, and effective from May 1, 2024, was jointly signed by the commission’s Chairman, Sanusi Garba, and Vice Chairman, Musiliu Oseni.
The directive, outlined in a document titled ‘Interim Order on Transmission System Dispatch Operations, Cross-border Supply, and Related Matters,’ will be in effect for six months, subject to review.