The Nigerian Electricity Regulatory Commission, NERC, has indicated that a total of 1,974,385 electricity consumers would be affected by its recent hike in tariff.
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He explained that only 15 per cent of the 13,162,572 electricity customers nationwide would be affected by the tariff increase while the remaining customers would continue to pay the old rate until supply improved and they were migrated to the new Band A. He noted that because the tariff payable by customers remained the same despite these changes, the performance of the generation companies was affected because they could not pay for gas.
According to him, “The hike in the electricity tariff from 66/kWh to 225/kWh for people who enjoy electricity supply for 20 hours per day is unacceptable and a recipe for unrest. “Facing higher bills, consumers may opt to reduce their electricity consumption to manage costs. This could mean cutting back on non-essential appliances or adopting more energy-efficient practices. While this could lower electricity bills, it may also impact comfort and productivity levels in households.
“But it is noteworthy that the increase is not across board as only 15% of electricity consumers are affected. And this is targeting the segment with the highest ability to pay. This reflects some attributes of equity in pricing.
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