New Electricity Tariff Discussion on Good Morning Nigeria II 8th April 2024
Nigeria’s electricity consumers in what is known as the Band A classification are to begin paying new fees for electricity consumed – a payment which is reflective of a new tariff which has been approved by the nation’s relevant electricity agencies.
Tariffs are pricing structures that determine how much consumers are charged for electricity usage. Tariffs are region-specific and typically include various components that contribute to the overall cost of electricity.
Key elements of an electricity tariff often include and are not limited to
(1) Fixed Charges which are flat fees that consumers pay regardless of their electricity usage. Fixed charges cover the cost associated with maintaining the electricity infrastructure and providing services.
(2) Variable Charges which are charges based on the amount of electricity consumed usually measured in kilo-watt hours (kWh). The rate per kWh varies with time of day, season, or total amount of electricity used and
(3) Renewable Energy Charges - Pricing structures which can include incentives or charges related to renewable energy sources.
Electricity tariffs can be structured in different ways depending on local regulations, market conditions, and Utility policies.
In this edition of Good Morning Nigeria NTA’s Victor Agu and Jummai Yusuf discuss with several policy experts, industry players and utility distribution technocrats on the new electricity tariff and other related issues affecting the electricity distribution sector.
Please click on the video below for more on this story.
- Category:
- News
- Oganisation:
- NTA Network Center Port Harcourt
- Writer:
- Ashiathah
- Phone:
- 08175947664
- 10 Apr, 2024
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