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NERC hikes Electricity Tariffs, removes Fixed Charges

The Nigerian Electricity Regulatory Commission (NERC) released the new power tariff regime, in which it outlined the various increments in electricity charges for consumers across the country.
NERC announced the removal of fixed charges for all classes of electricity consumers and noted that users would only pay for what they consume.

This follows the statement made by the Minister of Power, Works and Housing, Babatunde Fashola, that electricity tariffs would increase and urged consumers to comply with respect to paying their bills, as he promised that the sector would record considerable improvement thereafter.
Confirming 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.

Outlining the rates of increase in tariffs for various customer classes in selected locations across the country, NERC 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.”
Source: Punch News.

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