DisCos Announce New Electricity Tariff Increase For Band A Customers
Some of Nigeria’s electricity distribution companies (DisCos) have announced the upward review of electricity tariffs for Band A customers.
The Acting Managing Director, Ibadan Electricity Distribution Company Plc (IBEDC), Francis Agoha, stated that the Nigerian Electricity Regulatory Commission has approved the tariff increase from N206.80/kWh to N209.50/kWh for users in the category.
According to a public notice signed by Agoha on Wednesday, the tariffs for Bands B, C, D, and E remain unchanged.
The statement read,
“Effective immediately, the tariff will be adjusted from N206.80/kWh to N209.50/kWh. This review has been duly approved by the Nigerian Electricity Regulatory Commission (NERC) as captured in the multi-year tariff supplementary order.
“The adjustment is necessitated by several key economic indices, including fluctuations in the exchange rate, the current inflation rate, available generation capacity, and the cost of gas. These factors have significantly impacted operational costs, and the new tariff will mitigate these financial pressures while continuing to deliver high-quality electricity services.
“It is important to note that this adjustment affects only our Band A customers. The tariffs for Bands B, C, D, and E remain unchanged. We remain committed to providing reliable and efficient electricity services to all our customers across different bands.
“We understand that any change in tariffs can be a concern for our customers, and we assure you that this adjustment is necessary to maintain and improve the quality of our services. Our goal is to ensure that you receive the best possible value for your money.”
Taking to its X account, the Port Harcourt Electricity Distribution Plc (PHED) said:
“Dear esteemed customers, Please be informed that there is an upward tariff review for our Band A feeders from N206.80/kWh to N209.5/kwh effective 1st July 2024. The guaranteed availability of a minimum of 20 hrs per day still stands.
“The tariff for Bands B, C, D, and E remains unchanged.”
Similarly, Kaduna Electricity Distribution Company (Kaduna Electric) said:
“Dear esteemed customers, the management of Kaduna Electric informs the public of an upward review in the tariff of Band A feeders from N206.80/kWh to N209.5/kWh.
“The review is effective from 1st July 2024 and affects prepaid and postpaid customers. Kaduna Electric assures customers on its Band A feeders of the continued availability of 20-24 hrs daily as stipulated in the service-based tariff regime.”
Similar posts were made by Ikeja Electricity (IE) and Abuja DisCo (ABEDC).
In April, the Nigerian Electricity Regulatory Commission (NERC) ordered the immediate upward review of electricity tariffs.
The NERC Vice Chairman, Musiliu Oseni, said only 15% of the electricity consumers are affected by the hike.
Accordingly, he said, power distribution companies (DisCos) will be allowed to raise electricity prices to N225 per kilowatt-hour from N68.
The decision attracted criticism among Nigerians.