FG increases electricity tariff

<p><strong>The <a href&equals;"http&colon;&sol;&sol;Openlife&period;ng">Nigerian Electricity Regulatory Commission &lpar;NERC&rpar;<&sol;a> has allegedly ordered electricity distribution companies to increase the cost of electricity across their franchise areas&period;<&sol;strong><&sol;p>&NewLine;<p>Abuja Electricity Distribution Company &lpar;AEDC&rpar; confirmed the development on Wednesday&period;<&sol;p>&NewLine;<p>The tariff increase was first observed on the Tariff Band A Non MD&comma; which was increased from N57&period;55 per unit in December to N68&period;2 per unit&period;<&sol;p>&NewLine;<h2><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;former-osun-state-governor-is-dead-photo&sol;">Former Osun State Governor Is Dead &lpar;PHOTO&rpar;<&sol;a><&sol;h2>&NewLine;<p>When contacted&comma; AEDC stated&colon; &OpenCurlyDoubleQuote;Good day&comma; please be informed that the increase in Tariff is in compliance with NERC order”&period;<&sol;p>&NewLine;<p><img class&equals;"alignnone size-full wp-image-19134" src&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;wp-content&sol;uploads&sol;2023&sol;01&sol;Screenshot-2023-01-04-at-4&period;21&period;33-PM-750x717-1&period;png" alt&equals;"" width&equals;"750" height&equals;"717" &sol;><&sol;p>&NewLine;<p>Meanwhile&comma; neither the NERC nor the electricity distribution companies have released an official statement on the matter&period;<&sol;p>&NewLine;