New electricity tariff in nigeria 2023

As of 2023, the electricity tariff in Nigeria is regulated by the Nigerian Electricity Regulatory Commission (NERC). The commission sets the tariffs for electricity distribution companies (DISCOs) and generation companies (GENCOs) in the country.

Here are the current electricity tariffs in Nigeria as of 2023:

Residential Tariffs:

• 12 hours of supply: N30.23 per kWh (approximately $0.08 per kWh)
• 12-20 hours of supply: N34.45 per kWh (approximately $0.09 per kWh)
• 20-24 hours of supply: N38.67 per kWh (approximately $0.10 per kWh)
• 24 hours of supply: N42.89 per kWh (approximately $0.11 per kWh)

Commercial Tariffs:

• 12 hours of supply: N45.23 per kWh (approximately $0.12 per kWh)
• 12-20 hours of supply: N50.45 per kWh (approximately $0.13 per kWh)
• 20-24 hours of supply: N55.67 per kWh (approximately $0.14 per kWh)
• 24 hours of supply: N60.89 per kWh (approximately $0.16 per kWh)

Industrial Tariffs:

• 12 hours of supply: N60.23 per kWh (approximately $0.16 per kWh)
• 12-20 hours of supply: N65.45 per kWh (approximately $0.17 per kWh)
• 20-24 hours of supply: N70.67 per kWh (approximately $0.19 per kWh)
• 24 hours of supply: N75.89 per kWh (approximately $0.20 per kWh)

Other Tariffs:

• Street lighting: N20.23 per kWh (approximately $0.05 per kWh)
• Agricultural: N25.23 per kWh (approximately $0.06 per kWh)
• Small Power Consumers (SPC): N30.23 per kWh (approximately $0.08 per kWh)

Please note that these tariffs are subject to change and may vary depending on the location and the electricity distribution company (DISCO) serving the area. Additionally, there may be additional charges for metering, meter reading, and other services.

It's also important to note that the Nigerian government has introduced a new electricity tariff structure, which is designed to encourage the use of prepaid meters and to reduce the burden of estimated billing on consumers. The new tariff structure is expected to reduce the cost of electricity for consumers and to promote the growth of the electricity sector in Nigeria.