• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Monday, July 28, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home News

NERC Grant Approval For An Increase In Electricity Tariff

Tambaya Julius by Tambaya Julius
April 3, 2024
in News
0
NERC Grant Approval For An Increase In Electricity Tariff
0
SHARES
13
VIEWS
FacebookTwitterWhatsappEmailTelegram

In a decisive move to address the nation’s electricity challenges, the Nigerian Electricity Regulatory Commission (NERC) has granted approval for an increase in electricity tariffs.

This pivotal decision aims to enhance the efficiency and sustainability of the electricity sector, paving the way for crucial improvements in service delivery.

RelatedPosts

Hamas Lacks Peace Interest—ZOA

Sokoto Boost Mass Transit With Additional 30 Buses, Commence Online Booking

Kogi Govt Promises Justice for Murdered Kogi Journalist Ayo Aiyepeku

During a press briefing held in Abuja on Wednesday, Vice Chairman Musliu Oseni unveiled the commission’s decision to implement a surge in electricity tariffs.

With this adjustment, customers falling under the Band A category will witness a notable rise in their electricity bills, from the current rate of N66 to N225 per kilowatt-hour.

This strategic move is poised to bolster revenue generation and foster long-term viability within the electricity market.

Highlighting the operational restructuring underway, Vice Chairman Oseni revealed plans to reduce the number of feeders classified as Band A. From the current count of 800 feeders, the commission aims to streamline this figure to under 500.

This strategic manoeuvre is anticipated to optimise resource allocation and improve service coverage across key regions.

The transition to Band A classification signifies a significant shift in the distribution of electricity services. While previously servicing a broad spectrum of customers, these feeders now cater to a narrower demographic, encompassing only 17 percent of total electricity consumers.

This targeted approach seeks to enhance service quality and address the unique needs of Band A customers more effectively.

In tandem with the tariff adjustment, NERC has issued a directive titled the April Supplementary Order, outlining key provisions and guidelines for market participants.

ALSO READ:  Rivers Crises: US, UK Urged To Withdraw Visa From Governor Fubara, Nigerian  Judges For Derailing Democracy

Among the directives is the allowance of 235 kilowatt per hour, signalling a calibrated approach towards tariff management and market regulation.

Tags: Band A classificationElectricity tariffNigerian Electricity Regulatory Commission (NERC)
Tambaya Julius

Tambaya Julius

Julius is a journalist, a BSc Holder in Mass Communication.

Related Posts

Hamas Lacks Peace Interest—ZOA

Hamas Lacks Peace Interest—ZOA

by Ojimaojo Abubakar
July 28, 2025
0

The Zionist Organisation of America (ZOA) has asserted that Hamas, the Islamist group governing Gaza, demonstrates "no real interest in...

Sokoto Boost Mass Transit With Additional 30 Buses, Commence Online Booking

Sokoto Boost Mass Transit With Additional 30 Buses, Commence Online Booking

by Nathaniel Irobi
July 28, 2025
0

By Ankeli Emmanuel, Sokoto Sokoto State government has released additional 30 new buses to the state ministry of transport so...

Kogi Govt Promises Justice for Murdered Kogi Journalist Ayo Aiyepeku

Kogi Govt Promises Justice for Murdered Kogi Journalist Ayo Aiyepeku

by Nathaniel Irobi
July 28, 2025
0

The Kogi government says it is resolute in its quest for justice for slain photojournalist Ayo Aiyepeku. This was disclosed...

Recommended

Matawalle, Güler Reaffirm Strong Bilateral Defence Bond

Matawalle, Güler Reaffirm Strong Bilateral Defence Bond

3 days ago
Breaking: Super Falcons Clinch 10th WAFCON Title After Thrilling 3-2 Win Against Morocco

Breaking: Super Falcons Clinch 10th WAFCON Title After Thrilling 3-2 Win Against Morocco

2 days ago

Popular News

  • Kaduna Baptist Church Donates N50,000 Each To 12 Muslims, 4 Retired Pastors

    Kaduna Baptist Church Donates N50,000 Each To 12 Muslims, 4 Retired Pastors

    0 shares
    Share 0 Tweet 0
  • Cross River State Triumphs at Prestigious All-women Interstate Debate

    0 shares
    Share 0 Tweet 0
  • Haske: The Rise Of A New Movement

    0 shares
    Share 0 Tweet 0
  • CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    0 shares
    Share 0 Tweet 0
  • Zock Distributes 12 Trucks Of Fertiliser, Includes PDP, LP Members, Others

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (749)
  • Education (220)
  • Entertainment (311)
  • Health (197)
  • National (2,233)
  • News (8,330)
  • Opinion (309)
  • Politics (1,647)
  • Science (15)
  • Security (406)
  • Sports (448)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform