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The Federal Government, by the Nigerian Electricity Regulatory Commission (NERC), has accepted the speedy overview of electrical energy tariffs throughout the country.
NERC introduced this in a collection of documents obtained by Channels Tv on Saturday.
The documents dated December 31, 2019, have been collectively signed by Joseph Momoh, the NERC Chairman, as well as Dafe Akpeneye, the Commissioner for Legal, License, and Compliance.
The overview of the amount paid by varied classes of electrical energy consumers signifies a rise that ranges from 59.7 per cent to 77.6 per cent.
Consumers labeled as residential (R1) have been, nevertheless, excluded from the overview because the N4 per kWh they pay was left unchanged.
The development affected 11 Distribution Companies (DISCOs) spread throughout the country similar to Abuja, Benin, Enugu, and Eko DISCOs.
Others are Ibadan, Ikeja, Jos, Kaduna, Kano, Port Harcourt, and Yola DISCOs.
In line with the most recent order, the brand new amount to pay varies amongst classes of electricity consumers equivalent to residential, commercial, industrial, special, and lighting.
A majority of Nigerians fall within the class of residential consumers who are those utilizing single phase and three-phase meters, as well as electricity consumption of about 50 kWh in premises with flats completely for residential functions.
These categorised underneath commercial are consumers who use premises for any goal aside from solely as residence or as a factory for manufacturing items, whereas the industrial consumers are those that use their premises for manufacturing items, together with welding and ironmonger.
Equally, these concerned in agriculture aside from agro-allied enterprises concerned in processing, water boards, and religious houses, amongst others are categorised as special electrical energy consumers.
NERC explained that the new order was based mostly on the actual modifications in macroeconomic variables in generation capacity as at October 31, 2019.
It added that the order was based mostly on the exchange charges of N306.9 plus one per cent premium which is about N309.97 to the dollar and gas value of $2.50 per million metric tons BTU and gas transportation value of $0.80 per MMBTU.
See the breakdown of the reviewed quantity to be paid by varied classes of customers of their respective states under: