Nigeria: Reviewed Gas Price May Lead to Higher Electricity Tariffs

11 September 2014

Abuja — A renowned energy expert, Mr. Dan Kunle, has said the recent upward review of the price of gas supplied to the electricity sector by the Nigerian Electricity Regulatory Commission (NERC) from $1.50 to $3.30 per metric cubic feet (MCF) will likely see Nigerians pay more for electricity services.

Kunle told THISDAY yesterday in Abuja that the price of electricity tariff may rise from the current rate of N14 per kilowatt hour (kh) to N40/kh for domestic consumers and even more for industrial users who now pay about N25/kh in the next review of the Multi Year Tariff Order (MYTO) by NERC.

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