The Nation Newspaper NERC orders 11 DisCos to reduce Band A tariff to NGN206.8/kwh
) on Monday, May 6, ordered the 11 electricity Distribution Companies to reduce Band “A” customers tariff from N225/kWh to N206.8/kWh for the month of May 2024.
NERC explained that it has reviewed changes in the macroeconomic parameters over the preceding month of April 2024, especially the appreciation of exchange rates that culminated in the reduction of the B and A customers’ tariff from N225/kWh to N206.8kWh.
Recalled that NERC had on April 3, 2024, approved the new tariff for the DisCos in its 2024 Supplementary Multi-Year Tariff Order .NERC also based the hike on the prevailing exchange rate and other macroeconomic factors.
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