A few days ago we heard the news that the electricity tariff was going to be reduced by half, however before you start to rejoice, this new development does not apply to residential customers.
According to reports from This Day newspaper, the Nigeria Electricity Regulatory Commission, NERC, have explained that electricity consumers in the residential cadre of it’s tariff structure will not benefit from the removal of the collection loss component factored into the Multi-Year Tarrif Order (MYTO 2.1).
They stated that because the recent tariff increase for residential consumers in R1 and R2 categories was frozen and would not take effect until June, consumers in that class would not enjoy the latest reduction which saw electricity charges decrease by an average of 50%.
This was made known by the Chairman of NERC, Sam Amadi, during a meeting with a forum of electricity consumers in Abuja. He noted that the reduction affects mainly commercial and industrial consumers.
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