NERC INCREASES ELECTRICITY TARRIFS

The Nigerian Electricity Regulatory Commission, NERC, on Monday finally released a new electricity tariff regime that has various rates of increase in energy charges for consumers across the country.
It also announced the removal of fixed power charges for all classes of electricity consumers, stressing that power users would henceforth only pay for what they consume.

Announcing the tariffs increase on Monday, NERC stated that from the next billing period, power distribution companies would no longer charge their customers monthly fixed charges that requires electricity consumers to pay an approved amount of money not minding whether electricity is consumed during the billing period.

NERC, while outlining the rates of increase in tariffs for various customer classes in selected locations across the country, said, “For instance, residential customer classification (R2) in Abuja Electricity Distribution Company will no longer pay N702 fixed charge every month. Their energy charge will increase by N9.60.

Also, residential customers (R2 customers) in Eko and Ikeja electricity distribution areas will no longer pay N750 fixed charges. They will be getting N10 and N8 increase respectively in their energy charges. Similarly, the burden of N800 and N750 fixed charges would be lifted off the shoulders of Kaduna and Benin electricity consumers. These consumers will see an increase of N11.05 and N9.26 respectively in their energy charges 

the commission stated.