The Nigerian Electricity Regulatory Commission, NERC, has said that its new electricity tariff will affect only 15 per cent of its customers. DAILY POST reports that the increase as announced on Thursday means that prices have gone from N68 to N225 per kilowatt hour which takes immediate effect.
Musiliu Oseni, the Vice Chairman of the Market Competition Rate, made the announcement during a press briefing on Wednesday. Oseni said, “The Commission has approved a rate review of N225 per kilowatt hour for just under 15% of the customer population in NERC. So that means that less than 15% of the customers will be affected. 'And I’m sure you are aware of the number of customers we have in NERC, and these are the customers that have been proven to be enjoying 20 hours average of supply.
“And the reason for this includes, first and foremost, when you look at the state of infrastructure in NERC, the quality of infrastructure in NERC varies from one location to another. 'There are certain locations where, without any additional investment, the distribution companies and also the transmission companies based on the investment previously made can deliver the minimum of 20 hours per day.
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