Nigeria’s electricity distribution companies (DisCos) have announced an upward review of electricity tariffs for Band A customers.
In statements posted on their X handles on Wednesday, some of the nation’s distribution companies disclosed that the upward review took effect on July 1, 2024.
The Ibadan Electricity Distribution Company (IBEDC), in a statement issued by its Acting Managing Director, Francis Agoha, said the tariff would be adjusted from N206.80/kWh to N209.50/kWh
He noted that the review was approved by the Nigerian Electricity Regulatory Commission (NERC) as captured in the multi-year tariff supplementary order.
According to him, the adjustment was necessitated by several key economic indices, including fluctuations in the exchange rate, current inflation rate, available generation capacity, and the cost of gas.
The IBEDC boss stated: “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.”
Agoha said any change in tariff could be a concern for customers, adding that the adjustment was necessary to maintain and improve the quality of services.
“Our goal is to ensure that our customers receive the best possible value for their money,” he noted.
Similarly, the Kaduna Electricity Distribution Company, in a statement the company’s Head of Corporate Communication, Abdulazeez Abdullahi, said the premium customers will now pay N209.5/kWh instead of N206.80/kWh.
In the statement titled, ‘Upward Review of Tariff for Band A Feeders’, Abdullahi disclosed that the new tariff became effective on July 1.
“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 both prepaid and postpaid customers.
“Kaduna Electric assures customers on its Band A feeders of the continued availability of 20-24hrs supply daily as stipulated in the Service Based Tariff regime,” the statement read.
“The public should please note that the tariff for Bands B, C, D, and E remains unchanged.”
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