Fgs Electricity Subsidies Rise 2.76 To N199.64bn In Dec Nerc

The Nigerian ElectricityRegulatory Commission, NERC, has disclosed that electricity subsidies payable by the Federal Government for the month of December has increased by 2.76 percent to N199.64 billion from N194.26 billion incurred in November.

The Commission in its December 2024 Multi-Year Tariff Order, MYTO, posted on its website retained electricity tariff across all customer categories.

While Band-A customers continued to pay N209/kWh, allowed tariffs for customers in Bands B to E remain frozen at the rate payable from December 2022.