Kaduna and Ibadan Electricity Distribution Company Plc have announced an upward review of the electricity tariff for Band A customers.
The Acting Managing Director, 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 reads, “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,” Agoha said.
Kaduna DisCo raises tariff for Band A customers
Meanwhile, the Kaduna Electricity Distribution Company has increased the tariff payable by customers on Band A feeders.
In a statement today, 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.
It clarified, “The public should please note that the tariff for Bands B, C, D, and E remains unchanged.”
Recall that the tariff hikes are coming amid complaints from customers, including manufacturers as well as public and private institutions that their monthly electricity bills are grossly unaffordable.
