NERC Issues New Electricity Tariff for Nigeria, Effective July 2015

The Nigerian Electricity Regulatory Commission, NERC, has issued new electricity tariffs residential homes in Nigeria to become effective on 1 July 2015.

The tariff had already been implemented for industrial and commercial electricity consumers since 1 April 2015.The new tariffs are in the Multi-Year Tariff Order, MYTO, 2.1 for the period 1 April 2015 to December 2018 and they replace the tariffs in MYTO 2 for the period 1 June 2012 to 31 May 2017.

For Ibadan DISCO, the fixed monthly charge for residential R2 category is N625 in 2015, N750 in 2016, N900 in 2017 and N1,080 in 2018. The energy charge will rise from N14.23 per kWh to N18.00 per kWh, an increase of 26 per cent, on 1 July 2015.

The energy charge will be N17.36 per kWh in 2016, N19.60 per kWh in 2017 and N17.93 per kWh in 2018.However Eko, Ikeja and Benin DISCOs, the fixed monthly charge for residential R2 category is N750 in 2015, N900 in 2016, N1,080 in 2017 and N1,296 in 2018.

The energy charge for Eko DISCO will rise from N12.87 per kWh to N18.75 per kWh, an increase of 45 per cent, on 1 July 2015. The energy charge will be N18.01 per kWh in 2016, N19.39 per kWh in 2017 and N16.42 per kWh in 2018.

The energy charge for Ikeja DISCO will rise from N13.61 kWh to N14.96 per kWh on 1 July 2015. The energy charge will be N14.50 per kWh in 2016, N13.88 per kWh in 2017 and N12.85 per kWh in 2018.For Benin DISCO the energy charge will rise from N12.54 per kWh to N18.46 per kWh, an increase of 47 per cent, on 1 July 2015.

The energy charge will be N17.02 per kWh in 2016, N18.23 per kWh in 2017 and N15.23 per kWh in 2018.

NERC believes that an estimated bill should not exceed 200kWh in a month and if the DISCO believes the customer uses more than 200kWh per month, the DISCO should as a priority provide the customer with a meter.