Distribution Companies (DisCos) across the country are set to publish the list of all affected feeders following the approval for an increase in electricity tariff for customers under the Band A classification.
Recall that the Vice Chairman, NERC, Musiliu Oseni, said the increase will see the customers paying N225 kilowatt per hour (KW/h) from the current N66.
Customers under Band A are those who enjoy 20-24 hours of electricity supply daily while those in Band B are subscribers who enjoy 16 to 20 hours. Those in Band C enjoy 12 to 16 hours daily.
Also, Band D subscribers are beneficiaries of eight to 12 hours daily and Band E subscribers only enjoy four to eight hours of electricity consumption everyday.
Speaking at a press conference in Abuja, Oseni said customers in Band A represent 15 per cent of the 12 million electricity customers in the country, which is about 1.8 million subscribers.
He added that the review will not affect customers on the other bands.
It quoted people in the presidency with knowledge of the matter saying this was in a bid to attract new investment and slash about $2.3 billion spent to cap tariffs.
Meanwhile, Ikeja Electricity Distribution Company has already identified the Lagos State subscribers of the Band A tariff plan who benefit from the 20 to 24 hours of the Ikeja Electricity Distribution Company and the Eko Electricity Distribution Company daily consumption in documents prepared by NERC as of February 2024.
The areas include VGC, Lekki, Hilltop, Maryland, New Alausa, Magodo among others.
Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.
