Skip to content
September 7, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Tariff increase will affect only customers on 20 hour power supply -NERC
  • Business & Economy

Tariff increase will affect only customers on 20 hour power supply -NERC

Admin April 3, 2024
electricity

April 3, 2024

The Nigerian Electricity Regulatory Commission (NERC) says the increase in tariff will only affect customers enjoying 20 hour power supply across the country.

The commission said that other customers in Bands B, C and D are not affected by the increase

Mr. Musliu Oseni, Vice Chairman, Nigerian Electricity Regulatory Commission (NERC) said this at a press briefing in Abuja on Wednesday.

According to him, the commission has approved the increase in electricity tariff paid by Band A customers from N68/KWh to N225KWh adding that the increase will not affect customers on bands B and C.

Oseni said that the increase only affect about 15 per cent electricity consumers that have been proven to enjoy 20 hours power supply daily.

He said that other electricity customers not affected by the rate review would not be neglected as they would still continue to get service.

The vice chairman said that the commission had also downgraded some customers on the Band A to Band B due to the non-fulfillment of the required hours of electricity provided by the electricity distribution company.

“We currently have over 800 feeders that are categorised as Band A, but it will now be reduced to under 500. This means that 17 per cent of the feeder now qualifies as Band A.

“The commission using technology discovered that many of the feeders that the Electricity Distribution Companies (DisCos) currently brandish as Band A are not meeting the required service and as such.

“ The feeders were ordered to be downgraded immediately as a way of protecting consumers,” he said.

Oseni said that customers hitherto classified as Band A customers would not be affected by the rate review.

He said that as part of enforcement mechanisms to ensure that areas affected by the review get the 20 hours supply, DisCos have been mandated to set up rapid response teams in locations where the feeders are located.

“This is to ensure that the customers can have access to the DisCos.

“They have also been mandated to publish the contact of the rapid response team where the customers are located.

“Failure to meet the commitment for seven consecutive days, the feeder will be downgraded immediately to the service level the DisCos is able to provide electricity to the feeder,” he said.

Oseni said where a DisCo failed to meet the commitment for two days by the third day at 10am, the company must publish an explanation also via bulk SMS contacting the affected consumers on the feeder.

“They should explain why they could not meet the service for the two days and also submit the explanation to the commission,” he said. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: DISCOs Mr Musliu Oseni NERC

Post navigation

Previous NSCDC dismantles illegal oil bunkering site, impounds boats
Next Troops intercept large consignment of drugs, hand over exhibits to NDLEA

Related Stories

Atiku, Tinubu, subsidy removal and Azu Ishiekwene’s Devilnomics, by Tony Eluemunor
  • Business & Economy

Atiku, Tinubu, subsidy removal and Azu Ishiekwene’s Devilnomics, by Tony Eluemunor

September 6, 2026
Auditor-General queries N33.75bn in cash transfers in 2023, no sufficient evidence showing true beneficiaries New naira notes
  • Business & Economy

Auditor-General queries N33.75bn in cash transfers in 2023, no sufficient evidence showing true beneficiaries

September 6, 2026
CBN Mopping Operations Drain Banking System Liquidity to N3.66 Trillion
  • Business & Economy

CBN Mopping Operations Drain Banking System Liquidity to N3.66 Trillion

September 4, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Troops ​‌‌‌⁠‍‍⁠⁠‌‍‌⁠‍‍​‍‍‌​foil terrorists’ attack, recover arms in Sokoto Troops
  • National News

Troops ​‌‌‌⁠‍‍⁠⁠‌‍‌⁠‍‍​‍‍‌​foil terrorists’ attack, recover arms in Sokoto

September 6, 2026
Atiku, Tinubu, subsidy removal and Azu Ishiekwene’s Devilnomics, by Tony Eluemunor
  • Business & Economy

Atiku, Tinubu, subsidy removal and Azu Ishiekwene’s Devilnomics, by Tony Eluemunor

September 6, 2026
Cookies and gummies infused with cannabis intercepted at Lagos port by NDLEA
  • Crime and Justice

Cookies and gummies infused with cannabis intercepted at Lagos port by NDLEA

September 6, 2026
NDLEA arrests ex-convict posing as herbal tea merchant; intercepts cocaine consignment heading to Saudi Arabia
  • Crime and Justice

NDLEA arrests ex-convict posing as herbal tea merchant; intercepts cocaine consignment heading to Saudi Arabia

September 6, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.