The Minister of Power, Chief Adebayo Adelabu, said it costs N120 to generate 1kilowatt per hour of electricity
He noted it is why the Federal Government is spending more to subside electricity.
He spoke during an oversight visit by the Members of the House of Committee on Power to his office in Abuja.
Adelabu said the cost does not include other charges paid by power utilities in the Nigerian Electricity Supply Industry (NESI).
“Those in Band A are paying N209 while Band B is paying N65, the average cost of producing one kilowatt per hour of electricity, its generating cost, is not less than N120 before we have the evacuation and wheeling and distribution charges.
“So anybody paying N65 or N58 is paying way below the cost and that is what the Federal Government is still subsidising,” he stated.
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