Nigerians may soon pay more for electricity as the Nigerian Electricity Regulatory Commission reviews tariffs amid rising generation and transmission costs.
As the Nigerian Electricity Regulatory Commission reviews power prices across consumer bands, Nigerians may soon face another electricity tariff hike.
Inflation, exchange-rate pressure, gas supply costs, and rising debts owed to power generation companies are driving up electricity costs ahead of the proposed review.
Nigeria currently operates a band-based electricity system in which customers are charged according to the number of hours of power they receive each day.
Notably, Band A customers, who are expected to get about 20 hours of electricity daily, were already hit with a major tariff increase in 2024, when rates rose to over N200 per kilowatt-hour.
