Four electricity distribution companies have announced a tariff increase from N206.80 per kilowatt to N209.5 per kilowatt-hour (kwh) for premium customers under the Band A category, effective July 1, 2024.
This change applies to both prepaid and postpaid customers.
Kaduna, Port Harcourt, Kano, and Ikeja DisCos all confirmed the increase in separate statements, assuring Band A customers of continued 20-24 hours of daily power supply as stipulated in the service-based tariff regime.
The companies emphasized that tariffs for Bands B, C, D, and E remain unchanged.
Ikeja Electric stated that the increase aligns with the service-based tariff regime and will "further sustain the improved service delivery currently being experienced across all feeder bands within its network."
This latest adjustment comes just two months after a previous tariff modification.
On May 6, DisCos had reduced the tariff for Band A customers to N206.80 per kwh, following an increase to N225 per kwh approved by the Nigerian Electricity Regulatory Commission (NERC) in April.
As electricity prices continue to fluctuate, consumers are left wondering if these frequent changes will lead to more stable and reliable power supply in the long run.
The impact of these tariff adjustments on both customers and the overall electricity sector remains to be seen, as Nigeria struggles to balance the need for affordable power with the challenges of maintaining and improving its energy infrastructure.
