Minister of Power, Adebayo Adelabu, has said that power distribution companies (DisCos) that fail to supply 20 hours of electricity to customers in the Band A category will be sanctioned by the federal government.
In a post on his official X handle, Adelabu said this is part of the adjustments made under the newly revised tariff system which is targeted at electricity consumers under the Band A category.
The Nigerian Electricity Regulatory Commission (NERC) recently increased the electricity tariffs of customers under Band A category from N66/kWh to N225.kWh.
Adelabu said Band A customers are those electricity users who enjoy power supply for a minimum of 20 hours daily.
Reacting to the development, he said the government will hold DisCos accountable for failure to supply 20 hours of electricity to customers under Band A.
Highlighting some of the provisions under the tariff adjustment reform, Adelabu said the Federal Government will save N1.5 trillion with tariff adjustment, subsidize Bands below A and Pricing changes will help increase liquidity to the NESI.
Adelabu noted that the pilot stage of the presidential power initiative has almost been completed.
He said that installation and commissioning of five out of 10 power transformers have been achieved.
He said seven new mobile substations are set to be installed, after which attention will shift to upgrading the transmission network to increase its capacity.