Solar power has become cheaper than electricity from Nigeria’s national grid for the first time, marking a turning point in the nation’s efforts to deliver reliable energy to its 200 million citizens as the traditional power infrastructure continues to falter.
Electricity costs from the national grid have surged to between N220 and N270 ($0.14-$0.17) per kilowatt-hour, more than double previous consumer rates, according to data from Financial Derivatives Company Ltd.
Meanwhile, solar and wind installations are generating power at N85 to 1
Solar power has become cheaper than electricity from Nigeria’s national grid for the first time, marking a turning point in the nation’s efforts to deliver reliable energy to its 200 million citizens as the traditional power infrastructure continues to falter.
Electricity costs from the national grid have surged to between N220 and N270 ($0.14-$0.17) per kilowatt-hour, more than double previous consumer rates, according to data from Financial Derivatives Company Ltd.
Meanwhile, solar and wind installations are generating power at N85 to 1
https://businessday.ng/energy/power/article/nigerias-power-math-flips-as-solar-becomes-cheaper-than-grid/
