BY AKUDORO GLORIA
The Nigerian Electricity Regulatory Commission (NERC) has issued a revised tariff order covering the month of May 2024 to the eleven (11) electricity distribution companies in pursuant to the tariff methodology adopted by the Commission.
NERC, in a statement released on monday, also said its has approved a downward review of end-user tariffs for Band “A” customers from NGN225/kWh to NGN206.8/kWh.
The statement further indicated that the Commission has considered changes in the macroeconomic parameters over the preceding month of April 2024 and especially the appreciation of exchange rates.
The Commission reaffirmed its commitment to providing a balanced and effective regulatory regime serving the needs of the Nigerian Electricity Supply Industry (NESI).