Sri Lanka had reduced electricity tariffs by 21.9 per cent in March 2024 as well.
Adebayo Adelabu, Minister of Power, said introducing Band A with a higher tariff reduced electricity subsidy to N1 trillion from about N3 trillion.
‘‘The ease of doing business is a critical factor for fostering economic growth.’’
NERC has announced a hike in electricity tariffs that would only apply to urban customers who consume a minimum of 20 hours of power supply per day.
On Sunday, the customers, in separate interviews, said that DisCos had increased tariff payable for power across the country without notification.
