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The Nigerian House of Representatives has directed the Nigerian Electricity Regulatory Commission (NERC) to suspend the implementation of the recently announced tariff hike. Additionally, the House demanded the suspension of additional requirements outlined in the Multi-Year Tariff Order review. To address concerns over the pricing regulation of the Nigerian Electricity Supply Industry (NESI), the House…
In a significant development, the Nigerian Electricity Regulatory Commission (NERC) has authorized a substantial increase in electricity tariffs, raising them from N68 to N225 ($0.15) per kilowatt-hour. The decision, announced by Musiliu Oseni, the Vice Chairman of NERC, will come into effect on April 1, 2024, and will primarily target urban consumers, designated as Band…
The Federal Government has announced upcoming changes in the pricing of single-phase and three-phase prepaid electricity meters, set to go into effect on September 6, 2023.
The Nigerian Electricity Regulatory Commission (NERC) has advised prepaid meter users to update their meters before November 2024. The update is free of charge and will not affect users’ current prepaid units. NERC has recommended contacting Distribution Companies (DisCos) for more information regarding the update process.