The Nigerian Electricity Regulatory Commission (NERC) has revealed why electricity distribution companies (Discos) were ordered to reduce the tariff for Band A feeders.
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The eleven Discos on Monday announced the reduction of the cost of electricity tariff on Band A feeders from NGN225/kWh to NGN206.8/kWh.

The management of NERC in a statement disclosed the reason for approving a reduced tariff for Band A customers.

READ ALSO: NERC approves additional 19 Band A feeders in Lagos

“Pursuant to the tariff methodology adopted by the Nigerian Electricity Regulatory Commission, a revised tariff order covering the month of May 2024 has been issued by the Commission to the eleven (11) electricity distribution companies,” the statement read.
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“The Commission has considered changes in the macroeconomic parameters over the preceding month of April 2024 and especially the appreciation of exchange rates.

“Consequently, the Commission has approved a downward review of end-user tariffs for Band “A” customers from NGN225/kWh to NGN206.8/kWh.”

READ ALSO: Ikeja Electric reduces electricity tariff for Band A customers

NERC also reaffirmed its commitment to providing a balanced and effective regulatory regime serving the needs of the Nigerian Electricity Supply Industry (NESI).
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NERC on Monday also approved the upgrade of an additional 19 feeders from Band B to Band A for Ikeja Electricity Distribution Company.

The management of Ikeja Electric confirmed this development on Monday in a post on its X handle.
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“Premised on our demonstrated ability to consistently provide a minimum of 20 hours of daily availability during a performance evaluation period monitored by the regulator, we are pleased to announce that we have obtained approval to add 19 additional Band A feeders to our network,” IE said.

This latest approval by NERC brings to 104 the total number of feeders on Ikeja Electric from the previous 85 feeders.
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