“Electricity Tariff Hike”: Step-by-Step Guide to Checking if You’re on Band A, B, C, Others
- The Nigerian government, via the Nigerian Electricity Regulatory Commission (NERC), increased electricity tariffs in the country
- The commission said that consumers who fall under Band A users will pay about N225/kWh for 20 hours of electricity daily
- One of the distribution companies, Ikeja Electric, in a message to its customers, revealed how they can check which category they belong to
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.
The Nigerian Electricity Regulatory Commission (NERC) approved an increase in electricity tariffs for Band A consumers on Wednesday, March 3, 2024.
NERC’s Vice Chairman, Musiliu Oseni, said this category will pay N225/kWh of electricity, an increase from the the previous rate of N66/kWh.
Source: UGC
NERC orders for more review
According to the NERC boss, Band A consumers receive about 16-20 hours of electricity daily, while Band C users get between 12 to 16 hours of electricity daily.
Vanguard reports that Band C consumers get between eight to 12 hours of power daily, and Band E users get between four to eight hours daily.
Nigerians are divided over the classification of subscribers, with many saying they might be charged higher than their actual consumption.
How to know your tariff
One of the electricity distribution companies, Ikeja Electric, revealed in a message to its customers how they can check which band they belong to.
Ikeja Electric said:
"Dear esteemed customers, please be informed that the tariff for our band A feeder has been revised to N225/kWh, ensuring a minimum daily supply of 20 hours."
The company said the Band B to E tariffs remain unchanged and asked consumers to check them on its website.
How to know your electricity feeder band
1. Visit www.ikejaelectric.com
2. Click on customer service
3. Click on Customer feeder information
4. Click on customer feeder verification
5. Enter your account or meter number to verify your feeder details.
Recall that the Nigerian government said the tariff hike was to allow for more investments in the power sector and to slash electricity subsidies.
FG gives reason for tariff hikes
A previous report by Legit.ng said that the Nigerian government is reportedly planning to triple energy prices in the coming weeks to attract investment into the sector and slash the $2.5 billion subsidy it pays to keep the tariffs down.
According to reports, power companies will be allowed to increase prices to N200 per kilowatt per hour from the current N68 for urban consumers in April 2024.
The reports quoted sources as saying that the urban customers represent 15% of the population, and the Nigerian government says they consume about 40% of the country’s electricity.
Inadequate power supply has been the bane of the Nigerian economy as the rising subsidy burden has weighed on government finances, sapping capital from building critical infrastructure such as roads and health care.
FG finally pays $120 million to gas suppliers to boost electricity
Legit.ng reported that the Nigerian government has paid over $120 million to offset some of the debts owed to gas firms to enhance electricity generation.
The director of Decade of Gas Secretariat, Ed. Ubong, confirmed this at the ongoing 7th edition of the Nigeria International Energy Summit (NIES 2024) in Abuja on Thursday, February 29, 2024.
He said the government is also working on a scheme to curtail failures in the system.
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Source: Legit.ng
