Tag
ELECTRICITY TARIFF
Ikeja Electric Distribution Company (IE) has announced the reduction of its electricity tariff for customers under Band A from N225/kWh to N206.80/kWh.
Financial experts fear escalating inflation and electric tariff hikes may push increase in prices of products.
The Federal Government asserts it needs approximately N3.2 trillion to subsidize electricity in 2024 should the current tariff hike be reversed.
Adebayo Adelabu, the Minister of Power, has said that the revised electricity tariff for Band A customers could decrease if the Naira strengthens against the Dollar in the foreign exchange market, indicating that the rates are not fixed.
The Abuja Chamber of Commerce and Industry (ACCI) has voiced its worries about the recent rise in electricity prices, highlighting potential threats to the long-term viability of businesses.
Electricity Tariff: NERC orders all DisCos to set up portal for customers to check their Band status
The Nigerian Electricity Regulatory Commission (NERC) has directed all eleven DisCos in the country to create an online portal for their customers to access their Band category status.
The Nigerian Electricity Regulatory Commission (NERC) has imposed a fine of N200 million on Abuja Electricity Distribution Company (AEDC) for wrongful billing of customers following a recent hike in electricity tariffs.
The Nigerian Electricity Regulatory Commission (NERC) has applied an exchange rate of N1463.3/$ in calculating the new electricity tariff for Band A consumers in the recent electricity tariff review.
The Minority Caucus in the House of Representatives has labeled the increase in electricity tariffs by the Nigerian Electricity Regulatory Commission (NERC) as insensitive, inhuman, and absolutely unnecessary.
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.
The Nigerian Electricity Regulatory Commission (NERC) has stated that the newly approved electricity tariff is anticipated to cut down the subsidy for the fiscal year 2024 by approximately N1.14 trillion.
The federal government is planning an almost 300% increase in electricity tariffs in the coming weeks in a bid to attract investment into the sector according to reports from Bloomberg.