NERC Approves Hike In Electricity Tariff

Through the Nigerian Electricity Regulatory Commission (NERC), the Federal Government has approved an upward review of electricity tariff.

NERC Chairman Sanusi Garba, who broke the news in Abuja, said it would cost the government between N120 billion to N130 billion monthly (N1.6 trillion) to subsidise electricity this year.

Garba said if government takes a decision on subsidy, it would be taken into consideration in the next tariff.

According to the NERC, non-maximum demand (MD) customers of the Abuja Electricity Distribution Company (AEDC) band will retain the N68.20 per kilowatt tariff.

Garba, however, explained that the cost of kilowatt of electricity differs from one Electricity Distribution Company (DisCo) to the other, owing to their economic peculiarities.

NAN