Advisors ReportsAdvisors Reports
  • News
  • Editorial
  • Feature
  • Special Report
  • Oil & Gas
    • Upstream
    • Midstream
    • Downstream
  • Power
    • Generation
    • Distribution
    • Transmission
  • Renewables
    • Solar
    • Nuclear
    • Hydrogen
  • Extractive Industry
  • Maritime
Search

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024

Categories

  • Advertorial
  • Concession
  • Distribution
  • Documentary
  • Downstream
  • Editorial
  • Energy Transition
  • Environment
  • Extractive Industry
  • Feature
  • Finance
  • Gas
  • Generation
  • Green Finance
  • Hospitality
  • Hydrogen
  • Hydroplant
  • Impact
  • Interview
  • Local Content
  • Maritime
  • Midstream
  • Mining
  • Mining & Solid Mineral
  • Multilateral Finance
  • News
  • Nuclear
  • Oil
  • Oil & Gas
  • Oil theft
  • Opinion-editorial
  • Photo News
  • Power
  • Renewables
  • Review
  • Sabotage
  • Security
  • Service Company
  • Solar
  • Special Project
  • Special Report
  • Sustainability
  • Technology
  • Transmission
  • Upstream
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: NERC slashes Band A electricity tariff by 8.1% to N206.80/kwH
Share
Sign In
Notification Show More
Font ResizerAa
Advisors ReportsAdvisors Reports
Font ResizerAa
Search
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
DistributionNewsPower

NERC slashes Band A electricity tariff by 8.1% to N206.80/kwH

admin
Last updated: Monday, May 6, 2024 12:45:07 PM
admin
Share
3 Min Read
SHARE

 

…  effective May 6, 2024

…as Ikeja, Eko DisCos implement May 2024 supplementary order

 

 

Oredola Adeola

 

The Nigerian Electricity Regulatory Commission (NERC) has issued the May 2024 supplementary order downwardly revising the tariff for Band A feeders, from N225 per kilowatt hour (kWh) to N206.80/kWh, effective from the 6th of May 2024.

 

Advisors Reports gathered that this review is contained in the NERC May 2024 supplementary order on Band A tariff issued to all the electricity distribution companies (DisCos).

 

The revision comes with the assurance of a guaranteed availability of 20-24 hours of electricity supply daily.

 

Advisors Reports confirmed that the tariff for Bands B, C, D, and E will remain unchanged, ensuring stability for customers in these bands.

 

Dr Musiliu Oseni, NERC Vice Chairman, in an exclusive chat with Advisors Reports confirmed that the May 2024 Supplementary Order was sent to the DisCos over the weekend.

 

 Kingsley Okotie, the Head of Corporate Communication at Ikeja Electric, in a chat with Advisors Reports on Monday, confirmed that effective from May 1, 2024, there has been a downward revision of the tariff for Band A feeders, reducing it from N225/kWh to N206.80/kWh, with the new rate taking effect from the 6th of May 2024.
He stated that the development was in compliance with the NERC Order on Band A tariff for the month of May.
Meanwhile, in a statement earlier released by Ikeja Electric to its customers, the DisCo stated that the adjustment comes with a commitment to ensuring a guaranteed availability of 20-24 hours of electricity supply daily.
Additionally, the statement affirmed that the tariff for Bands B, C, D, and E will remain unchanged, maintaining stability for customers in these bands.
Babatunde Lasaki, the General Manager of Corporate Communications at Eko Electricity Distribution Company (EKEDC), has also confirmed the downward review of the Band A tariff in a chat with Advisors Reports on Monday.
According to Lasaki, Band A customers within the EKEDC network will see a downward revision in their tariff, effective from May 1, 2024, from N225/kWh to N206.80/kWh.
The EKEDC’s spokesman also stated that the review also comes with a guaranteed minimum daily supply of 20 hours, adding that the tariffs for the other Bands B,C, D and E remains unchanged.
He therefore assures the customers all customers under the network of improved quality of service.
.. more details shortly

 

 

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Copy Link Print
Share
Previous Article Shell signs 20-year agreement with Oyo State government to develop gas distribution infrastructure network
Next Article OTC 2024: Nigerian govt. vows to eradicate business hurdles, boost investors confidence in oil, gas sector
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Recent Posts

  • NSML identifies skilled maritime workforce development as key to navigating global regulatory changes
  • NNPC/HEIRS Energies launches OML 17 university scholarship scheme targeting 300 students
  • SPE International honours  Dr. Ekpenyong, CEO Kenyon International West Africa, with Africa legacy leadership award
  • Dangote refinery to end U.S. crude imports, targets 100% local supply by December 2025
  • Over 700 treated, 40 eye surgeries on Day-1 as NNPC, SNEPCo hold “Vision First” 4.0 in Lagos 

Recent Comments

No comments to show.
Follow US
© 2022 AdvisorsReports. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?