Wednesday, July 3, 2024 -Ibadan Electricity Distribution Company Plc (IBEDC) has 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 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.”
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