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Nigerians to pay more for electricity consumption

by editor
August 22, 2019
in Business, Economy
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The Federal Government through the Nigerian Electricity Regulatory Commission has increased the tariff payable by power consumers across the country.

Findings from various documents obtained from the NERC on Wednesday in Abuja showed that beginning from next year, power consumers will have to pay an additional sum of between N8 and N14 for every kilowatt-hour of energy provided by their respective distribution companies.

The NERC also revealed the actual cost reflective tariff for each of the 11 power distribution companies operating in Nigeria.

The government disclosed the cost reflective tariff of each of the Discos in separate documents for each particular distributor in a regulatory instrument cited as ‘The 2016-2018 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2019’.

The tariff increase for each Disco differs, going by figures in the documents from the commission.

Our correspondent observed that for Abuja Disco’s minor review assumptions 2015 – 2021, the commission stated that the Disco’s end-user cost reflective tariff from 2017, 2018, 2019, 2020 and 2021 per KWh were N42.81, N46.44, N52.86, N46.02 and N44.29 respectively.

NERC, however, stated that the end-user allowed tariff from 2017 to 2019 per kWh was N32.66 in each of the years, while those of 2020 and 2021 were put at N42.46 and N44.21.

The difference between what AEDC’s customers pay currently and what they will pay from next year, going by NERC’s figures, is an increase of N9.8/kWh.

For Benin Disco, it said the end-user cost reflective tariff from 2017, 2018, 2019, 2020 and 2021 per kWh were N51.37, N54.36, N59.07, N47.61 and N43.79, respectively.

It also stated that the end-user allowed tariff from 2017 to 2019 per kWh was N32.50 in each of the years, while those of 2020 and 2021 were put at N42.25 and N43.79.

Here, the difference between what BEDC’s customers pay currently and what they will pay from next year is an increase of N9.75/kWh.

For Eko Disco, the commission said the end-user cost reflective tariff from 2017, 2018, 2019, 2020 and 2021 per kWh were N39.7, N41.8, N46.1, N39.8 and N39.2, respectively.

Read details in Punch online

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