The Nigerian Electricity Regulatory Commission, NERC, has issued new electricity tariffs that became effective for commercial and industrial consumers from 1 April 2015 and that would become effective for residential consumers from 1 July 2015. The new tariffs are in the Multi-Year Tariff Order, MYTO, 2.1 for the period 1 April 2015 to December 2018 and they replace the tariffs in MYTO 2 for the period 1 June 2012 to 31 May 2017.
The charges are in two parts, there is a fixed monthly charge and there is a charge for electricity consumption, the energy charge, which is measured in kiloWatt-hour, kWh. We give below the charges for residential consumers using single phase or three phase meters, category R2. Charges are given for four electricity distribution companies, DISCOs, namely Benin DISCO, Ibadan DISCO, Ikeja DISCO and Eko DISCO.