Reports from the official X handle of the Nigerian National Grid reveals that Band A customers now enjoy subsidised electricity.
According to the statement, there was a shortfall in the cost amount billed to Band A customers. The cost reflective tariff is N231.79, but the customers were charged N209.50.
“The Multi Year Tariff Order (MYTO) issued by the Nigerian Electricity Regulatory Commission (NERC) for November showed that the tariff for Band A customers is N209.50 per Kilowatt hour (KWh) while the cost reflective tariff is N231.79, a shortfall of N22.29.
“The federal government has returned Band A customers among those that will benefit from subsidy payment in the electricity sector with the government paying N22.29 Kilowatt hour (KWh) from what customers under the band consume,” The post said.
What this means for Band A customers is, “They don’t pay the full cost of their service.”
