The Management of Kaduna Electric has announced an upward review of electricity tariff for customers on Band A feeders from N206.80/kWh to N209.5/kWh.
This follows the approval given by the regulator, Nigerian Electricity Regulatory Commission (NERC) for operators to carry out monthly market review for power supply to Band A feeders based on changes in the macroeconomic parameters, like foreign exchange rate, Inflation rate and gas price.
Recall that in April, the Commission approved over 200 percent hike in electricity tariff for Bank A customers from N66/per kWh to N225/kWh citing increased foreign exchange rate from N919/$ to N1,463.
However, in May, the Commission approved reduction of electricity tariff for Band A customers from N225 per kWh to 206.8/kWh representing a drop of 8.1 percent.
Meanwhile, according to the Public Notice signed by the Head of Corporate Communication of Kaduna Electric, Abdulazeez Abdullahi, the current review which affects both prepaid and postpaid takes effect from 1st July, 2024.
While assuring its customers on Band A feeders of continued availability of 20-24hrs supply daily as stipulated in the Service Based Tariff regime, Kaduna Electric noted that the tariff for Bands B, C, D, and E remains unchanged.
