Tag
BAND A
The Ikeja Electricity Distribution Company (IE) declared on Monday that it has added 24 new Band A feeders to its network amid the current power outage in the country caused by the power grid shutdown.
The Nigerian Electricity Regulatory Commission (NERC) has reduced the exchange rate for calculating the current electricity tariff for Band A customers by 16.03% from N1,463.3/$ to N1,277.8 from May to December 2024.
Four practical steps to cut down on energy consumption
The Ikeja Electricity Distribution Company has announced an addition of 34 new Band A feeders to its network with a view to increasing power supply to customers.
In reviewing the new electricity tariff for Band A consumers, the Nigerian Electricity Regulatory Commission (NERC) made use of important indices in determining the electricity tariff. These indices or assumption range from Nigeria and the United States inflation rate, exchange rate, generation capacity, gas to power cost etc.
The Nigerian government’s move to revise electricity tariffs is set to deliver a 52% cut in monthly subsidy expenses.
Nigerians have expressed their concerns over the government's approval conveyed by the Nigerian Electricity Regulatory Commission (NERC), of an increase in electricity rates for consumers falling under Band A, citizens have expressed their concerns regarding the announcement.