Ibadan Electricity Distribution Company Plc and Kaduna Electric in the Federal Republic of Nigeria have announced an upward review of electricity tariff for Band ‘A’ customers effective July 1.
According to the two Discos, 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 Tarif 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,” said Engr Francis Agoha, Acting Managing Director of IBEDC, in a statement.
Meanwhile, Kaduna Electric, in a statement signed by Abdulazeez Abdullahi, Head of Corporate Communication, said the review of the tariff affects both prepaid and postpaid customers.
He assured customers on the company’s Band ‘A’ feeders of continued availability of 20-24hrs supply daily as stipulated in the Service Based Tariff regime.
“The public should note that the tariff for Bands B, C, D and E remains unchanged,” he said.
Source: https://energynewsafrica.com