The Nigerian Electricity Regulatory Commission (NERC) has approved an increase in electricity tariff for customers classified under Band A.
Musliu Oseni, the Vice Chairman of NERC, announced that customers in this category will now pay N225 per kilowatt-hour (KW/h), up from the previous N66 rate.
NERC’s move affects Band A customers, representing 15% of the country’s 12 million electricity consumers, roughly equivalent to 1.8 million subscribers. However, other tariff bands will remain unchanged.
This decision aligns with a report from Bloomberg, which revealed plans to allow power companies to raise electricity prices to N200 ($0.15) per KW/h from the current N68 for urban consumers. The aim is to attract new investment and reduce the $2.3 billion spent on capping tariffs.
In Lagos, Ikeja Electricity Distribution Company detailed the Band A tariff plan for its subscribers, listing areas and their corresponding electricity consumption levels:
1. Ijaiye (33-Ota TCN-AMJE) in Abule-Egba Business Unit enjoys 998 KW/h
2. Ijaiye (33-Ota TCN-Abeokuta Expressway) in Abule-Egba Business Unit enjoys 930 KW/h
3. Able-Taylor (11-EkoroINJ-T1-Ekoro) in Akowonjo Business Unit enjoys 920 KW/h
4. Egbeda (11-AlimoshoINJ-T8-Alimosho) in Akowonjo Business Unit enjoys 889 KW/h
5. Anifowoshe (11-New AlausaINJ-T4-Siyanbola) in Akowonjo Business Unit enjoys 929 KW/h
6. Anifowoshe (11-Adeniyi JonesINJ-T1-Ajao) in Akowonjo Business Unit enjoys 941 KW/h
7. Anifowoshe (11-New AlausaINJ-T6-Awolowo) in Akowonjo Business Unit enjoys 889 KW/h
8. Anifowoshe (11-Adeniyi JonesINJ-T1-Adeniyi Jones) in Akowonjo Business Unit enjoys 982 KW/h
9. Ogba (11-OgbaINJ-T3-Oba Akran) in Akowonjo Business Unit enjoys 888 KW/h
10. Ogba (11-Oke IraINJ-T2-Kayode) in Akowonjo Business Unit enjoys 867 KW/h
11. Ogba (11-Oke IraINJ-T2-Mangoro) in Akowonjo Business Unit enjoys 943 KW/h
12. Ojodu (11-OjoduINJ-T2-River Valley) in Akowonjo Business Unit enjoys 910 KW/h
13. Oregun (11-MarylandINJ-T2-Ojota) in Akowonjo Business Unit enjoys 973 KW/h
14. Oregun (11-OpebiINJ-T1-Olusosun) in Akowonjo Business Unit enjoys 924 KW/h
15. Oregun (11-New AlausaINJ-T5-Kudirat) in Akowonjo Business Unit enjoys 977 KW/h
16. Oregun (11-New AlausaINJ-T6-Ogundana) in Akowonjo Business Unit enjoys 981 KW/h
17. Oregun (11-New AlausaINJ-T4-Allen) in Akowonjo Business Unit enjoys 989 KW/h
18. Oregun (11-New AlausaINJ-T5-Alausa) in Akowonjo Business Unit enjoys 945 KW/h
19. Oregun (11-New AlausaINJ-T4-Oregun) in Akowonjo Business Unit enjoys 980 KW/h
20. Oregun (11-New AlausaINJ-T5-Morrison) in Akowonjo Business Unit enjoys 950 KW/h
21. PTC (11-IlupejuIJN-T4-Ikorodu) in Akowonjo Business Unit enjoys 892 KW/h
22. PTC (11-MarylandIJN-T1-PTC) in Akowonjo Business Unit enjoys 858 KW/h
23. PTC (11-IlupejuIJN-T1-Bhojson) in Akowonjo Business Unit enjoys 923 KW/h
24. PTC (11-PTCIJN-T2-Awuse) in Akowonjo Business Unit enjoys 991 KW/h
25. PTC (11-IlupejuIJN-T3-General Hospital) in Akowonjo Business Unit enjoys 892 KW/h
26. Lasunwon (33-IkoroduTCN-Fakale Source) in Ikorodu Business Unit enjoys 890 KW/h
27. Odogunyan (11-OdogunyanINJ-T2-Centex) in Ikorodu Business Unit enjoys 854 KW/h
28. Ago (11-ItireINJ-T3-Ago) in Oshodi Business Unit enjoys 851 KW/h
29. Ago (33-ItireTCN-Ago 1) in Oshodi Business Unit enjoys 933 KW/h
30. Ajao (11-AjaoINJ-T2-New Estate) in Oshodi Business Unit enjoys 906 KW/h
31. Idimu (33-EjigboTCN-AGODO) in Oshodi Business Unit enjoys 956 KW/h
32. Ikosi (11-MarylandINJ-T3-Demurin) in Shomolu Business Unit enjoys 947 KW/h
33. Ilupeju (11-IlupejuINJ-T3-Coker) in Shomolu Business Unit enjoys 960 KW/h
34. Ilupeju (11-IlupejuINJ-T3-Palmgroove) in Shomolu Business Unit enjoys 960 KW/h
35. Magodo (11-MagodoINJ-T2-Bashiru) in Shomolu Business Unit enjoys 939 KW/h
36. Magodo (11-MagodoINJ-T1-Emmanuel Keshi) in Shomolu Business Unit enjoys 998 KW/h
37. Mende (11-MarylandINJ-T3-Sylvia) in Shomolu Business Unit enjoys 944 KW/h
38. Mende (11-MarylandINJ-T2-Westex) in Shomolu Business Unit enjoys 981 KW/h
39. Olateju (11-IlupejuLocal-T1-Industrial) in Shomolu Business Unit enjoys 982 KW/h
40. Oworonshoki (11-OworoINJ-T1-Hospital) in Shomolu Business Unit enjoys 985 KW/h
41. Oworonshoki (11-OworoINJ-T1-Anthony) in Shomolu Business Unit enjoys