The Nigerian Electricity Regulatory Commission, NERC, has increased the electricity tariff paid by Band A customers from N68/KWh to N225/kWh.
Band A customers are those that receive an average daily electricity supply of 20 hours or more.
With the new order issued by NERC, Band A customers would no longer enjoy Federal Government subsidy on Electricity.
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NERC said in Abuja that Band A customers make up just 15 percent of total electricity customers in the country.
Watch out for further details as it unfolds.
