Federal Government Increases Electricity Tariff

 Federal Government Increases Electricity Tariff

The Federal Government has said that it will increase the electricity tariff again in the country. The announcement was made known by the Nigerian Electricity Regulation Commission on Saturday, through the Eko Electricity Distribution Company ( EKEDC) which was signed on 25th August 2021.

According to the regulatory body, the increase in the tariff will commence as from Wednesday September 1st 2021. 

The notice signed by the General Manager, Loss Reduction at EKEDC, Olumide Anthony-Jerome said: “This is to officially notify you that there will be an increase in electricity tariff with effect from September 1, 2021. This increase is as a result of the nationwide mandate to implement the Service-Based Tariff (SBT) approved by our regulators (NERC).”

According to him the increase will be shown  on the energy bill for October which will represent energy consumption for September 2021.

“In addition, for our metered customers with internal vending arrangements, we urge you to adjust the rates accordingly to reflect the new tariff increase as released by NERC.”

According to the newly approved plan for Eko DisCo, customers under Band A non-maximum Demand (MD) – customers with lower power consumption capacity have their rates increased by N2 per kilowatts hour (kwh), from N54.08/kwh to N56.08/kwh and are promised at least 20 hour of supply daily.