NERC Announces New Costs for Electric Prepaid Meters in Nigeria

The Electricity Distribution Companies (DisCos) in Nigeria have announced increment in the cost electricity prepaid meters they offer to their customers. In Nigeria, only the Discos are eligible to sell these meres to the electricity consumers in their coverage area.

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NERC Disowns Purported 50% Increase in Electricity Tariffs by DISCOS

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Nigerians celebrated the New Year of 2023 with the news of increment in electricity tariff. Most of the electricity distribution companies in Nigeria effected the increase starting from the MD (Maximum Demand) customers and other bands. Customers reported changes of their tariff from the rate of N61.75 to around N77.2 per kwh in the month of January.

However, the Nigerian Electricity Regulatory Commission has released a statement clarifying the circumstances and reminding the electricity consumers the agreement with DISCOs (Tariff Order of January 1, 2021) on systematic increment in tariff over a certain period to accommodate inflation and high cost of sourcing for forex in Nigeria.

“The Commission” affirms that “NO approval has been granted for a 50% tariff increase in the Tariff Order for electricity distribution companies which took effect on January 1, 2021. On the contrary, the tariff for customers on service bands D & E (customers being served less than an average of 12hrs of supply per day over a period of one month) remains frozen and subsidised in line with the policy direction of the Federal Government. In compliance with the provisions of the Electric Power Sector Reform Act (EPRSA) and the nation’s tariff methodology for biannual minor review, the rates for service bands A, B, C, D and E have been adjusted by NGN2.00 to NGN4.00 per kWhr to reflect the partial impact of inflation and movement in foreign exchange rates”. 

“In the light of strong public interest on this matter, the media is hereby requested to retract their earlier publications misinforming electricity consumers nationwide about a purported 50% increase in electricity tariffs” this is according to the statement released by NERC.

In another news, NERC has approved the application from Ibom Utility company to operate an independent electricity distribution network licence which will enable the company distribute electricity in selected locations in Akwa Ibom State. At the moment, Port Harcourt Electricity Distribution Company covers the Akwa Ibom State.