The Nigerian Electricity Regulatory Commission (NERC) has ordered the System Operator at the Transmission Company of Nigeria, to cap power supply to cross-border customers in Benin Republic, Niger, and Togo to six per cent.
The directive to be in effect for six months subject to review, is outlined in a document which stipulates that power delivery to Nigeria’s neighbours must not exceed six per cent of the total grid electricity at any given time.
The Electricity Regulatory Commission (NERC) has also ordered the 11 electricity Distribution Companies (DisCos) to reduce Band “A” customers tariff from N225/kWh to N206.8/kWh for the month of May 2024.
The commission in its press release today said it considered changes in the macroeconomic parameters over the preceding month of April 2024 and especially the appreciation of exchange rates before approving a downward review of the end-user tariff.
It assured customers in its Band ‘A’ feeders of continued availability of electricity supply for 20-24 hours daily, while noting that the tariffs for Band B, C D and E remain unaffected.
