Voice of the Nation

by

From Isaac Anumihe, Abuja

Nigerian Electricity Regulatory Commission, has ordered the 11 distribution companies (DisCos) to revise tariff order covering the month of May 2024.

In a statement, the commission considered changes in the macroeconomic parameters over the preceding month of April 2024 and especially the appreciation of exchange rates.

Consequently the ommission has approved a downward review of end-user tariffs for Band A customers from NGN225/kWh to NGN206.8/kWh.

“The commission reaffirms its commitment to providing a balanced and effective regulatory regime serving the needs of the Nigerian Electricity Supply Industry” he said.

Subscribe our newsletter for latest world news. Let''s stay updated!

© 2024 The Sun Nigeria “ All Right Reserved.